Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Down 34.9% in December

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,085 shares, a drop of 34.9% from the November 30th total of 20,111 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 81,672 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 81,672 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Invesco S&P 500 GARP ETF

A number of large investors have recently bought and sold shares of SPGP. Modern Wealth Management LLC lifted its stake in Invesco S&P 500 GARP ETF by 644.9% in the third quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock valued at $27,668,000 after buying an additional 210,823 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Invesco S&P 500 GARP ETF by 3.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 187,916 shares of the company’s stock valued at $21,351,000 after acquiring an additional 5,486 shares in the last quarter. Campbell Deegan Wealth Management LLC boosted its stake in Invesco S&P 500 GARP ETF by 1.2% in the 3rd quarter. Campbell Deegan Wealth Management LLC now owns 187,787 shares of the company’s stock worth $21,336,000 after purchasing an additional 2,153 shares during the period. Global Retirement Partners LLC acquired a new position in Invesco S&P 500 GARP ETF in the 2nd quarter worth $19,560,000. Finally, Longview Financial Advisors Inc. increased its holdings in Invesco S&P 500 GARP ETF by 0.3% during the 2nd quarter. Longview Financial Advisors Inc. now owns 134,405 shares of the company’s stock worth $14,476,000 after purchasing an additional 437 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

NYSEARCA:SPGP traded down $0.41 on Monday, reaching $115.15. The company’s stock had a trading volume of 100,476 shares, compared to its average volume of 179,156. Invesco S&P 500 GARP ETF has a 1-year low of $84.13 and a 1-year high of $116.38. The business’s 50-day moving average price is $112.75 and its two-hundred day moving average price is $111.28. The firm has a market cap of $2.65 billion, a PE ratio of 16.90 and a beta of 1.00.

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.