Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Drops By 86.9%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 20,854 shares, a drop of 86.9% from the August 15th total of 158,927 shares. Based on an average trading volume of 65,335 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock traded up $1.17 during mid-day trading on Friday, hitting $122.56. The company’s stock had a trading volume of 17,879 shares, compared to its average volume of 86,680. The company has a market cap of $2.20 billion, a PE ratio of 16.90 and a beta of 0.95. The company’s fifty day simple moving average is $125.39 and its 200-day simple moving average is $119.02. Invesco S&P 500 GARP ETF has a 52 week low of $103.86 and a 52 week high of $129.64.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

A number of hedge funds have recently added to or reduced their stakes in SPGP. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Invesco S&P 500 GARP ETF by 1.4% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock valued at $752,000 after acquiring an additional 88 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock valued at $233,000 after acquiring an additional 88 shares during the period. Visionary Wealth Advisors lifted its holdings in shares of Invesco S&P 500 GARP ETF by 0.8% during the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after purchasing an additional 128 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its position in shares of Invesco S&P 500 GARP ETF by 2.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock worth $583,000 after purchasing an additional 129 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Invesco S&P 500 GARP ETF by 3.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,281 shares of the company’s stock worth $487,000 after purchasing an additional 134 shares in the last quarter.

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.