Short Interest in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Decreases By 73.0%

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 74,502 shares, a drop of 73.0% from the May 14th total of 275,473 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 591,994 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Several large investors have recently modified their holdings of the business. Arkadios Wealth Advisors grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 9.2% during the first quarter. Arkadios Wealth Advisors now owns 278,865 shares of the company’s stock valued at $13,034,000 after acquiring an additional 23,389 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock valued at $15,790,000 after acquiring an additional 10,262 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the first quarter valued at about $242,000. Gateway Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 124.3% during the first quarter. Gateway Wealth Partners LLC now owns 16,308 shares of the company’s stock valued at $762,000 after acquiring an additional 9,037 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 48.9% during the first quarter. Lido Advisors LLC now owns 20,168 shares of the company’s stock valued at $943,000 after acquiring an additional 6,622 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Up 1.2%

Shares of Invesco S&P 500 Pure Growth ETF stock traded up $0.72 during trading hours on Friday, hitting $60.82. 850,713 shares of the company’s stock traded hands, compared to its average volume of 465,754. The stock has a 50 day simple moving average of $55.69 and a 200-day simple moving average of $50.71. The company has a market cap of $2.12 billion, a PE ratio of 24.25 and a beta of 1.22. Invesco S&P 500 Pure Growth ETF has a twelve month low of $42.84 and a twelve month high of $61.69.

About Invesco S&P 500 Pure Growth ETF

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth Index (the Index). 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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.