Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Shares Shorted: Short Interest Up 6,076.5% in September

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 77,577 shares, a growth of 6,076.5% from the August 31st total of 1,256 shares. Based on an average daily volume of 16,783 shares, the short-interest ratio is presently 4.6 days. Approximately 2.1% of the company’s shares are short sold.

Invesco S&P MidCap 400 GARP ETF Trading Down 0.7%

NYSEARCA:GRPM traded down $1.00 during trading hours on Thursday, hitting $136.58. The stock had a trading volume of 6,166 shares, compared to its average volume of 15,087. The business has a 50 day simple moving average of $140.23 and a two-hundred day simple moving average of $130.34. The company has a market cap of $495.79 million, a PE ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $112.44 and a 1-year high of $146.45.

Institutional Trading of Invesco S&P MidCap 400 GARP ETF

Hedge funds have recently made changes to their positions in the stock. GW Henssler & Associates Ltd. acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF during the fourth quarter valued at $20,222,000. Bank of America Corp DE raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% during the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after acquiring an additional 47,957 shares during the period. Cetera Investment Advisers grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 75,046 shares of the company’s stock valued at $8,873,000 after buying an additional 1,715 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 5.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 65,576 shares of the company’s stock worth $7,870,000 after purchasing an additional 3,297 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in Invesco S&P MidCap 400 GARP ETF by 4.8% during the first quarter. Axxcess Wealth Management LLC now owns 36,607 shares of the company’s stock valued at $4,328,000 after purchasing an additional 1,664 shares during the last quarter.

About Invesco S&P MidCap 400 GARP ETF

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.