Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Sees Significant Decrease in Short Interest

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 716 shares, a drop of 87.3% from the August 31st total of 5,658 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,164 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

A number of institutional investors have recently added to or reduced their stakes in RFG. Evolution Wealth Management Inc. acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter valued at $27,000. Ballast Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the first quarter valued at $36,000. Robinswood Financial LLC acquired a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the first quarter valued at $42,000. Godfrey Financial Associates Inc. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the fourth quarter valued at about $53,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the second quarter valued at about $213,000.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of NYSEARCA:RFG traded up $0.02 during trading on Friday, reaching $59.68. The company had a trading volume of 1,218 shares, compared to its average volume of 9,587. The firm’s fifty day moving average is $60.90 and its 200 day moving average is $60.42. The firm has a market capitalization of $336.02 million, a PE ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a twelve month low of $49.50 and a twelve month high of $64.81.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.