Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Large Increase in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,517 shares, an increase of 100.9% from the September 30th total of 3,244 shares. Based on an average daily trading volume, of 9,042 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of NYSEARCA:GRPM traded down $0.28 during trading on Friday, reaching $144.72. The company had a trading volume of 6,853 shares, compared to its average volume of 17,152. The firm has a market capitalization of $615.06 million, a PE ratio of 13.88 and a beta of 1.03. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $112.44 and a twelve month high of $146.45. The firm’s fifty day moving average is $141.06 and its 200 day moving average is $130.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after purchasing an additional 151 shares during the period. Root Financial Partners LLC bought a new stake in Invesco S&P MidCap 400 GARP ETF during the 3rd quarter valued at $94,000. Courage Miller Partners LLC bought a new position in Invesco S&P MidCap 400 GARP ETF during the 3rd quarter valued at approximately $269,000. Main Street Group LTD boosted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% during the 1st quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock valued at $364,000 after purchasing an additional 1,331 shares in the last quarter. Finally, SeedSafe Financial LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the second quarter worth $425,000.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.