Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Significant Growth in Short Interest

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 15,579 shares, a growth of 2,433.2% from the June 15th total of 615 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 20,810 shares, the days-to-cover ratio is presently 0.7 days.

Invesco S&P SmallCap 600 Pure Growth ETF Trading Down 0.9%

Shares of RZG stock traded down $0.61 on Friday, hitting $70.82. 13,176 shares of the stock were exchanged, compared to its average volume of 7,968. The firm has a market capitalization of $143.76 million, a P/E ratio of 18.78 and a beta of 1.12. Invesco S&P SmallCap 600 Pure Growth ETF has a fifty-two week low of $48.69 and a fifty-two week high of $73.24. The business has a 50-day moving average of $66.85 and a 200 day moving average of $61.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Invesco S&P SmallCap 600 Pure Growth ETF by 72.8% in the first quarter. AQR Capital Management LLC now owns 34,577 shares of the company’s stock valued at $1,617,000 after buying an additional 14,569 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 1,260.7% in the first quarter. Jones Financial Companies Lllp now owns 4,014 shares of the company’s stock valued at $188,000 after buying an additional 3,719 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 59.2% during the 2nd quarter. Raymond James Financial Inc. now owns 8,154 shares of the company’s stock worth $412,000 after acquiring an additional 3,033 shares during the period. UBS Group AG boosted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 22.7% during the 3rd quarter. UBS Group AG now owns 12,379 shares of the company’s stock worth $674,000 after acquiring an additional 2,291 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 24,552 shares of the company’s stock worth $1,337,000 after acquiring an additional 519 shares during the period.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.