Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 166,893 shares, a decline of 49.7% from the September 15th total of 331,983 shares. Based on an average daily trading volume, of 242,524 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.
Invesco S&P 500 Pure Growth ETF Stock Down 3.5%
Shares of RPG traded down $2.06 during trading hours on Wednesday, hitting $56.10. 200,499 shares of the company were exchanged, compared to its average volume of 481,414. Invesco S&P 500 Pure Growth ETF has a fifty-two week low of $43.41 and a fifty-two week high of $64.06. The firm’s fifty day moving average is $58.15 and its 200 day moving average is $57.21. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 24.25 and a beta of 1.21.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Marquette Asset Management LLC acquired a new position in Invesco S&P 500 Pure Growth ETF in the third quarter valued at $40,440,000. Trinity Wealth Management LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the first quarter valued at $6,687,000. Private Advisor Group LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 195.9% during the first quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after acquiring an additional 138,834 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in Invesco S&P 500 Pure Growth ETF during the 1st quarter worth about $1,968,000. Finally, Focus Financial Network Inc. acquired a new stake in Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth about $1,946,000.
Invesco S&P 500 Pure Growth ETF Company Profile
Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). 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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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