Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Decline in Short Interest

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 95,971 shares, a drop of 56.0% from the June 15th total of 218,088 shares. Based on an average daily trading volume, of 635,616 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Invesco S&P 500 Pure Growth ETF Stock Performance

RPG traded down $0.90 during trading on Wednesday, hitting $58.89. The stock had a trading volume of 749,992 shares, compared to its average volume of 494,233. The firm has a market capitalization of $2.12 billion, a P/E ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a twelve month low of $43.41 and a twelve month high of $64.06. The company’s 50-day moving average price is $59.69 and its 200 day moving average price is $53.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Wealth LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at about $1,047,000. WCG Wealth Advisors LLC acquired a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $662,000. Centaurus Financial Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF during the third quarter worth about $1,332,000. Corient Private Wealth LLC increased its holdings in Invesco S&P 500 Pure Growth ETF by 46.3% in the fourth quarter. Corient Private Wealth LLC now owns 86,103 shares of the company’s stock valued at $4,035,000 after buying an additional 27,244 shares in the last quarter. Finally, Baer Investment Advisory LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter valued at about $1,968,000.

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.