Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Large Increase in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 36,123 shares, an increase of 209.6% from the April 15th total of 11,666 shares. Based on an average daily trading volume, of 63,999 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Several institutional investors have recently made changes to their positions in SPGP. Franklin Resources Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth $34,000. Root Financial Partners LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth $36,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth $38,000. GGM Financials LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth $42,000. Finally, Arax Advisory Partners purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth $58,000.

Invesco S&P 500 GARP ETF Stock Up 1.0%

NYSEARCA:SPGP traded up $1.11 during midday trading on Thursday, reaching $117.04. The stock had a trading volume of 86,902 shares, compared to its average volume of 96,405. The firm has a fifty day simple moving average of $112.61 and a two-hundred day simple moving average of $113.63. Invesco S&P 500 GARP ETF has a 12-month low of $99.49 and a 12-month high of $119.36. The stock has a market cap of $2.21 billion, a P/E ratio of 16.90 and a beta of 0.97.

Invesco S&P 500 GARP ETF Company Profile

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.