Short Interest in Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) Declines By 72.5%

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 127 shares, a drop of 72.5% from the July 15th total of 461 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 441 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of 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 stake in Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,219 shares of the company’s stock, valued at approximately $35,000. Sankala Group LLC owned approximately 1.22% of Invesco S&P SmallCap 600 GARP ETF at the end of the most recent quarter.

Invesco S&P SmallCap 600 GARP ETF Stock Performance

NYSEARCA GRPZ traded up $0.07 during trading on Friday, hitting $33.52. The stock had a trading volume of 273 shares, compared to its average volume of 474. The company has a market capitalization of $3.35 million, a PE ratio of 12.58 and a beta of 0.83. The company’s 50-day moving average price is $32.04 and its two-hundred day moving average price is $29.86. Invesco S&P SmallCap 600 GARP ETF has a 12 month low of $25.13 and a 12 month high of $33.86.

About Invesco S&P SmallCap 600 GARP ETF

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.