Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Sees Large Increase in Short Interest

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 14,714 shares, an increase of 1,121.1% from the June 30th total of 1,205 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 6,024 shares, the short-interest ratio is currently 2.4 days.

Invesco S&P MidCap 400 Pure Growth ETF Price Performance

RFG stock traded down $0.67 during midday trading on Friday, hitting $60.60. The stock had a trading volume of 2,070 shares, compared to its average volume of 10,069. The company’s 50-day moving average price is $62.32 and its 200 day moving average price is $59.05. The firm has a market cap of $344.21 million, a PE ratio of 20.52 and a beta of 1.11. Invesco S&P MidCap 400 Pure Growth ETF has a 12-month low of $49.19 and a 12-month high of $64.81.

Institutional Trading of Invesco S&P MidCap 400 Pure Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Financial Synergies Wealth Advisors Inc. purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF in the fourth quarter valued at approximately $443,000. Tempo Wealth LLC purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 4th quarter worth $889,000. Independent Financial Group LLC purchased a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at about $755,000. Fifth Third Bancorp purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 1st quarter worth about $266,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 7.8% during the 1st quarter. Kestra Advisory Services LLC now owns 24,255 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,752 shares during the period.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.