Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,021 shares, a growth of 273.4% from the September 30th total of 809 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,169 shares, the short-interest ratio is presently 0.4 days.
Invesco S&P MidCap 400 Pure Growth ETF Trading Up 0.5%
Shares of RFG stock traded up $0.31 on Thursday, reaching $57.97. 4,240 shares of the stock were exchanged, compared to its average volume of 9,552. Invesco S&P MidCap 400 Pure Growth ETF has a twelve month low of $49.50 and a twelve month high of $64.81. The business’s 50 day moving average price is $59.56 and its 200 day moving average price is $59.49. The company has a market capitalization of $321.73 million, a price-to-earnings ratio of 20.52 and a beta of 1.13.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 4,516.2% during the second quarter. NewEdge Advisors LLC now owns 30,005 shares of the company’s stock worth $1,936,000 after purchasing an additional 29,355 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 22.5% in the second quarter. Ameritas Advisory Services LLC now owns 54,494 shares of the company’s stock worth $3,516,000 after acquiring an additional 10,013 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 3rd quarter worth $1,275,000. Independent Financial Group LLC bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at approximately $755,000. Finally, Fortitude Advisory Group L.L.C. purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the second quarter valued at $213,000.
About Invesco S&P MidCap 400 Pure Growth ETF
Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index.
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