Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 158,927 shares, an increase of 151.6% from the July 30th total of 63,162 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 107,872 shares, the short-interest ratio is currently 1.5 days.
Hedge Funds Weigh In On Invesco S&P 500 GARP ETF
A number of hedge funds have recently made changes to their positions in SPGP. Franklin Resources Inc. bought a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth about $34,000. Sarver Vrooman Wealth Advisors bought a new stake in Invesco S&P 500 GARP ETF in the fourth quarter valued at about $38,000. Arax Advisory Partners acquired a new position in Invesco S&P 500 GARP ETF in the fourth quarter worth about $58,000. Merkkuri Wealth Advisors LLC acquired a new position in Invesco S&P 500 GARP ETF in the first quarter worth about $87,000. Finally, National Bank of Canada FI raised its position in Invesco S&P 500 GARP ETF by 56.6% in the third quarter. National Bank of Canada FI now owns 830 shares of the company’s stock worth $94,000 after purchasing an additional 300 shares in the last quarter.
Invesco S&P 500 GARP ETF Trading Down 0.3%
Shares of NYSEARCA SPGP opened at $127.50 on Friday. The business has a fifty day simple moving average of $124.81 and a 200 day simple moving average of $118.42. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a one year low of $103.86 and a one year high of $129.64.
Invesco S&P 500 GARP ETF Company Profile
The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.
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