Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 29,121 shares, an increase of 98.0% from the June 15th total of 14,709 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 63,932 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new position in Invesco S&P 500 GARP ETF during the first quarter valued at approximately $337,000. Goldman Sachs Group Inc. lifted its holdings in Invesco S&P 500 GARP ETF by 915.2% during the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after buying an additional 39,392 shares during the period. Franklin Resources Inc. bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter valued at $34,000. Cerity Partners LLC bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter valued at $4,174,000. Finally, Darwin Wealth Management LLC bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter valued at $225,000.
Invesco S&P 500 GARP ETF Price Performance
Shares of NYSEARCA:SPGP traded down $0.77 on Friday, hitting $122.87. 90,788 shares of the company’s stock were exchanged, compared to its average volume of 87,438. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $125.47. The business’s 50 day simple moving average is $120.47 and its two-hundred day simple moving average is $116.27.
About Invesco S&P 500 GARP ETF
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.
See Also
- Five stocks we like better than Invesco S&P 500 GARP ETF
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Invesco S&P 500 GARP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 GARP ETF and related companies with MarketBeat.com's FREE daily email newsletter.
