Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,604 shares, a drop of 51.6% from the August 15th total of 3,316 shares. Based on an average trading volume of 4,904 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Invesco S&P SmallCap 600 Pure Growth ETF Price Performance
RZG traded up $0.22 during midday trading on Wednesday, reaching $64.04. 1,468 shares of the company’s stock were exchanged, compared to its average volume of 8,803. The stock has a market capitalization of $65.96 million, a PE ratio of 18.78 and a beta of 1.12. The business’s 50-day moving average price is $68.63 and its 200 day moving average price is $64.90. Invesco S&P SmallCap 600 Pure Growth ETF has a 1-year low of $50.95 and a 1-year high of $73.24.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Focus Financial Network Inc. purchased a new position in Invesco S&P SmallCap 600 Pure Growth ETF during the second quarter worth $211,000. Bank of America Corp DE lifted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% in the first quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock valued at $1,416,000 after acquiring an additional 836 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 15.7% in the first quarter. Cetera Investment Advisers now owns 5,921 shares of the company’s stock valued at $337,000 after acquiring an additional 804 shares in the last quarter. IMC Chicago LLC boosted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 290.7% during the first quarter. IMC Chicago LLC now owns 22,786 shares of the company’s stock valued at $1,298,000 after acquiring an additional 34,733 shares during the last quarter. Finally, Tempo Wealth LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter valued at $1,008,000.
About Invesco S&P SmallCap 600 Pure Growth ETF
Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.
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