Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Significant Decline in Short Interest
by Renee Jackson · The Cerbat GemInvesco S&P 500 Pure Growth ETF (NYSEARCA:RPG – Get Free Report) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 124,780 shares, a decline of 55.8% from the April 15th total of 282,197 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 477,049 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Invesco S&P 500 Pure Growth ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 0.8% during the 3rd quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock worth $44,785,000 after buying an additional 7,423 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 1.9% during the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock worth $31,629,000 after buying an additional 12,250 shares during the last quarter. UBS Group AG increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 25.9% during the 4th quarter. UBS Group AG now owns 552,437 shares of the company’s stock worth $25,785,000 after buying an additional 113,711 shares during the last quarter. Gimbal Financial increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 1.8% during the 3rd quarter. Gimbal Financial now owns 355,997 shares of the company’s stock worth $16,988,000 after buying an additional 6,232 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 13.4% during the 4th quarter. JPMorgan Chase & Co. now owns 326,936 shares of the company’s stock worth $15,260,000 after buying an additional 38,527 shares during the last quarter.
Invesco S&P 500 Pure Growth ETF Price Performance
RPG traded down $1.04 during trading on Friday, hitting $57.00. The company’s stock had a trading volume of 518,623 shares, compared to its average volume of 411,551. The firm’s 50 day moving average price is $51.26 and its 200-day moving average price is $48.97. The stock has a market cap of $1.98 billion, a PE ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a twelve month low of $41.69 and a twelve month high of $58.48.
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.