Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 29,487 shares, a growth of 70.6% from the March 15th total of 17,280 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 156,907 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Invesco S&P 500 GARP ETF
Several hedge funds have recently bought and sold shares of SPGP. World Investment Advisors boosted its holdings in shares of Invesco S&P 500 GARP ETF by 16.7% in the 4th quarter. World Investment Advisors now owns 19,695 shares of the company’s stock valued at $2,243,000 after purchasing an additional 2,821 shares in the last quarter. Redwood Family Wealth LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $456,000. Bayban acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $171,000. Sankala Group LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $267,000. Finally, White Knight Strategic Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 10.8% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 14,379 shares of the company’s stock valued at $1,637,000 after purchasing an additional 1,406 shares in the last quarter.
Invesco S&P 500 GARP ETF Trading Up 0.8%
SPGP stock traded up $0.91 during mid-day trading on Tuesday, hitting $114.64. The stock had a trading volume of 60,273 shares, compared to its average volume of 103,060. Invesco S&P 500 GARP ETF has a 52 week low of $89.70 and a 52 week high of $118.08. The firm has a market capitalization of $2.19 billion, a P/E ratio of 16.90 and a beta of 0.98. The firm has a fifty day simple moving average of $112.10 and a 200 day simple moving average of $113.16.
About Invesco S&P 500 GARP ETF
The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.
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