Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Down 49.9% in May

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,544 shares, a drop of 49.9% from the April 30th total of 13,055 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,178 shares, the days-to-cover ratio is currently 1.1 days.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of NYSEARCA RFG traded up $0.16 during trading hours on Monday, hitting $63.20. The company’s stock had a trading volume of 6,035 shares, compared to its average volume of 11,279. The stock has a market cap of $354.55 million, a price-to-earnings ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $46.80 and a 12 month high of $63.55. The business has a 50-day simple moving average of $59.06 and a 200-day simple moving average of $56.24.

Institutional Trading of Invesco S&P MidCap 400 Pure Growth ETF

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 2.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,405 shares of the company’s stock worth $575,000 after purchasing an additional 263 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 4.6% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 6,872 shares of the company’s stock worth $377,000 after acquiring an additional 300 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.6% during the 4th quarter. Kestra Advisory Services LLC now owns 22,503 shares of the company’s stock worth $1,180,000 after acquiring an additional 349 shares during the period. Evolution Wealth Management Inc. purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth approximately $27,000. Finally, KPP Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.7% during the 4th quarter. KPP Advisory Services LLC now owns 30,585 shares of the company’s stock worth $1,604,000 after acquiring an additional 515 shares during the period.

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.