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

Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 10 shares, a drop of 92.1% from the July 30th total of 127 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 307 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 GARP ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap 600 GARP ETF stock. Sankala Group LLC purchased a new position in shares of Invesco S&P SmallCap 600 GARP ETF (NYSEARCA:GRPZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Invesco S&P SmallCap 600 GARP ETF Price Performance

GRPZ stock traded up $0.04 during trading on Tuesday, hitting $33.28. 677 shares of the company traded hands, compared to its average volume of 468. Invesco S&P SmallCap 600 GARP ETF has a 1 year low of $25.13 and a 1 year high of $33.86. The company has a market cap of $3.33 million, a PE ratio of 12.58 and a beta of 0.83. The stock’s 50-day simple moving average is $32.43 and its 200 day simple moving average is $30.11.

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.