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

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the target of a significant growth in short interest during 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. Based on an average trading volume of 20,810 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

Large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 5.0% during the fourth quarter. Western Wealth Management LLC now owns 4,035 shares of the company’s stock valued at $219,000 after buying an additional 191 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 1.9% in the fourth quarter. Osaic Holdings Inc. now owns 23,891 shares of the company’s stock worth $1,299,000 after buying an additional 434 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 2.2% in the third quarter. Bank of America Corp DE now owns 24,552 shares of the company’s stock worth $1,337,000 after buying an additional 519 shares during the period. Cetera Investment Advisers lifted its stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 15.7% in the 1st quarter. Cetera Investment Advisers now owns 5,921 shares of the company’s stock valued at $337,000 after acquiring an additional 804 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the 4th quarter valued at about $53,000.

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

Shares of RZG stock traded down $0.61 during trading hours on Friday, hitting $70.82. 13,176 shares of the company’s stock were exchanged, compared to its average volume of 7,968. The company has a market capitalization of $141.64 million, a PE ratio of 18.78 and a beta of 1.12. Invesco S&P SmallCap 600 Pure Growth ETF has a 12-month low of $48.69 and a 12-month high of $73.24. The business’s 50 day simple moving average is $66.85 and its 200-day simple moving average is $61.25.

About Invesco S&P SmallCap 600 Pure Growth ETF

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.