Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Shares Shorted: Short Interest Down 95.8% in September

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 3,244 shares, a decline of 95.8% from the September 15th total of 77,577 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,915 shares, the short-interest ratio is presently 0.3 days.

Invesco S&P MidCap 400 GARP ETF Trading Up 0.4%

GRPM traded up $0.61 during trading hours on Friday, hitting $138.86. The company’s stock had a trading volume of 3,199 shares, compared to its average volume of 14,786. Invesco S&P MidCap 400 GARP ETF has a fifty-two week low of $112.44 and a fifty-two week high of $146.45. The firm has a market capitalization of $505.45 million, a PE ratio of 13.88 and a beta of 1.03. The company has a 50-day simple moving average of $141.01 and a 200 day simple moving average of $131.88.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% in the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after acquiring an additional 47,957 shares in the last quarter. Cetera Investment Advisers boosted its stake in Invesco S&P MidCap 400 GARP ETF by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 75,046 shares of the company’s stock valued at $8,873,000 after purchasing an additional 1,715 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Invesco S&P MidCap 400 GARP ETF by 5.3% during the 4th quarter. Ameritas Investment Partners Inc. now owns 65,576 shares of the company’s stock valued at $7,870,000 after purchasing an additional 3,297 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 4.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 36,607 shares of the company’s stock valued at $4,328,000 after purchasing an additional 1,664 shares during the period. Finally, Asset Allocation Strategies LLC increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 50.0% during the 4th quarter. Asset Allocation Strategies LLC now owns 28,304 shares of the company’s stock valued at $3,397,000 after purchasing an additional 9,433 shares during the period.

About Invesco S&P MidCap 400 GARP ETF

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.