Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Shares Shorted: Short Interest Up 101.3% in September

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 331,983 shares, a growth of 101.3% from the August 31st total of 164,921 shares. Based on an average trading volume of 301,901 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the shares of the stock are short sold.

Invesco S&P 500 Pure Growth ETF Stock Up 1.1%

Shares of RPG stock opened at $58.69 on Wednesday. The stock has a 50-day simple moving average of $57.61 and a 200 day simple moving average of $56.42. The stock has a market capitalization of $1.93 billion, a P/E ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a fifty-two week low of $43.41 and a fifty-two week high of $64.06.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

Hedge funds have recently modified their holdings of the stock. Rothschild Wealth LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at approximately $1,047,000. WCG Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at $662,000. Corient Private Wealth LLC raised its position in Invesco S&P 500 Pure Growth ETF by 46.3% during the fourth quarter. Corient Private Wealth LLC now owns 86,103 shares of the company’s stock valued at $4,035,000 after buying an additional 27,244 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 2nd quarter worth about $757,000. Finally, Baer Investment Advisory LLC acquired a new stake in Invesco S&P 500 Pure Growth ETF during the 1st quarter worth about $1,968,000.

About Invesco S&P 500 Pure Growth ETF

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). 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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.