Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Sees Large Growth in Short Interest

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 797 shares, an increase of 335.5% from the June 15th total of 183 shares. Based on an average daily volume of 2,746 shares, the short-interest ratio is currently 0.3 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 GARP ETF

An institutional investor recently bought a new stake in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC bought a new position in shares of Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,219 shares of the company’s stock, valued at approximately $35,000. Sankala Group LLC owned 1.22% of Invesco S&P SmallCap 600 GARP ETF as of its most recent SEC filing.

Invesco S&P SmallCap 600 GARP ETF Stock Performance

Shares of NYSEARCA:GRPZ opened at $32.23 on Tuesday. The stock has a market capitalization of $3.22 million, a price-to-earnings ratio of 12.58 and a beta of 0.83. Invesco S&P SmallCap 600 GARP ETF has a 1-year low of $24.81 and a 1-year high of $33.39. The company has a 50 day moving average price of $30.51 and a 200 day moving average price of $29.01.

Invesco S&P SmallCap 600 GARP ETF Company Profile

The Invesco S&P SmallCap 600 GARP ETF (GRPZ) is an exchange-traded fund that is based on the S&P SmallCap 600 GARP index. The fund tracks an index of US small-cap growth stocks that exhibit quality and value characteristics. GRPZ was launched on Mar 27, 2024 and is issued by Invesco.