Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 36,123 shares, a growth of 209.6% from the April 15th total of 11,666 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 63,999 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Trading of Invesco S&P 500 GARP ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 GARP ETF during the second quarter worth approximately $34,000. Root Financial Partners LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter valued at $36,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $38,000. GGM Financials LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter valued at $42,000. Finally, Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at $58,000.
Invesco S&P 500 GARP ETF Stock Performance
Shares of SPGP traded up $1.11 during mid-day trading on Thursday, hitting $117.04. 86,902 shares of the company’s stock were exchanged, compared to its average volume of 96,405. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 16.90 and a beta of 0.97. Invesco S&P 500 GARP ETF has a fifty-two week low of $99.49 and a fifty-two week high of $119.36. The stock’s 50-day moving average is $112.61 and its 200-day moving average is $113.63.
Invesco S&P 500 GARP ETF Company Profile
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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