Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Large Increase in Short Interest

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 158,927 shares, an increase of 151.6% from the July 30th total of 63,162 shares. Based on an average daily volume of 107,872 shares, the short-interest ratio is presently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPGP. Franklin Resources Inc. bought a new position in shares of Invesco S&P 500 GARP ETF during the second quarter valued at $34,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth about $38,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth about $58,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 1st quarter worth about $87,000. Finally, National Bank of Canada FI increased its position in shares of Invesco S&P 500 GARP ETF by 56.6% during the 3rd quarter. National Bank of Canada FI now owns 830 shares of the company’s stock worth $94,000 after purchasing an additional 300 shares in the last quarter.

Invesco S&P 500 GARP ETF Trading Down 0.3%

Shares of SPGP opened at $127.50 on Friday. The stock has a market cap of $2.29 billion, a PE ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 1 year low of $103.86 and a 1 year high of $129.64. The stock has a 50 day simple moving average of $124.81 and a 200-day simple moving average of $118.42.

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.