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

by · The Cerbat Gem

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 5,658 shares, an increase of 942.0% from the August 15th total of 543 shares. Based on an average daily volume of 8,011 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

Shares of RFG stock traded down $0.69 on Thursday, hitting $59.54. The stock had a trading volume of 2,661 shares, compared to its average volume of 9,569. The stock’s 50 day moving average is $61.33 and its 200-day moving average is $60.32. The firm has a market capitalization of $338.19 million, a price-to-earnings ratio of 20.52 and a beta of 1.12. Invesco S&P MidCap 400 Pure Growth ETF has a 52-week low of $49.50 and a 52-week high of $64.81.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 74,982 shares of the company’s stock worth $3,932,000 after acquiring an additional 1,419 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 18.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 71,973 shares of the company’s stock worth $3,667,000 after purchasing an additional 10,968 shares during the last quarter. UBS Group AG boosted its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 5.5% during the 3rd quarter. UBS Group AG now owns 63,678 shares of the company’s stock valued at $3,244,000 after buying an additional 3,321 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 55,788 shares of the company’s stock worth $2,720,000 after buying an additional 537 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 22.5% during the second quarter. Ameritas Advisory Services LLC now owns 54,494 shares of the company’s stock worth $3,516,000 after buying an additional 10,013 shares in the last quarter.

About Invesco S&P MidCap 400 Pure Growth ETF

(Get Free Report)

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.

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