Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Short Interest Up 120.8% in May

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 275,473 shares, an increase of 120.8% from the April 30th total of 124,780 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 653,946 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in RPG. Diversify Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at approximately $471,000. Quantinno Capital Management LP purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at approximately $687,000. Orion Porfolio Solutions LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at approximately $266,000. Truefg LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at approximately $273,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.8% during the 2nd quarter. Corient Private Wealth LLC now owns 66,359 shares of the company’s stock valued at $3,037,000 after buying an additional 1,819 shares during the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Up 0.9%

Shares of Invesco S&P 500 Pure Growth ETF stock traded up $0.55 on Tuesday, hitting $60.67. 370,403 shares of the company’s stock traded hands, compared to its average volume of 426,914. The stock has a market cap of $2.11 billion, a P/E ratio of 24.25 and a beta of 1.21. The firm’s 50-day moving average is $53.42 and its 200 day moving average is $49.83. Invesco S&P 500 Pure Growth ETF has a 52-week low of $42.38 and a 52-week high of $60.92.

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.