Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Update

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 95,971 shares, a decline of 56.0% from the June 15th total of 218,088 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 635,616 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P 500 Pure Growth ETF Stock Performance

NYSEARCA:RPG traded down $1.86 during mid-day trading on Thursday, hitting $57.03. 827,195 shares of the company’s stock traded hands, compared to its average volume of 496,598. The company has a market cap of $2.06 billion, a PE ratio of 24.25 and a beta of 1.21. The firm’s 50 day simple moving average is $59.69 and its 200 day simple moving average is $53.09. Invesco S&P 500 Pure Growth ETF has a 1 year low of $43.41 and a 1 year high of $64.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Global View Capital Management LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the second quarter worth $9,291,000. Trinity Wealth Management LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF during the 1st quarter worth about $6,687,000. Private Advisor Group LLC raised its stake in Invesco S&P 500 Pure Growth ETF by 195.9% in the 1st quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after purchasing an additional 138,834 shares during the last quarter. One Capital Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at about $5,579,000. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $5,368,000.

About Invesco S&P 500 Pure Growth ETF

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.