Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Shares Shorted: Short Interest Down 87.3% in September

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 716 shares, a decline of 87.3% from the August 31st total of 5,658 shares. Based on an average trading volume of 7,164 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $0.02 during trading on Friday, hitting $59.68. 1,218 shares of the stock were exchanged, compared to its average volume of 9,587. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $49.50 and a 12 month high of $64.81. The stock’s fifty day moving average is $60.90 and its 200 day moving average is $60.42. The stock has a market cap of $336.02 million, a PE ratio of 20.52 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 4,516.2% in the 2nd quarter. NewEdge Advisors LLC now owns 30,005 shares of the company’s stock worth $1,936,000 after buying an additional 29,355 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in Invesco S&P MidCap 400 Pure Growth ETF by 22.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 54,494 shares of the company’s stock worth $3,516,000 after acquiring an additional 10,013 shares during the period. Fortitude Advisory Group L.L.C. bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the second quarter worth $213,000. Ballast Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at $36,000. Finally, Robinswood Financial LLC acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the first quarter valued at $42,000.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.