Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Down 59.9% in May

by · The Markets Daily

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 14,481 shares, a decrease of 59.9% from the April 30th total of 36,123 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 84,317 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco S&P 500 GARP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SPGP. Franklin Resources Inc. bought a new position in Invesco S&P 500 GARP ETF in the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at about $38,000. GGM Financials LLC bought a new position in Invesco S&P 500 GARP ETF in the 3rd quarter valued at about $42,000. Arax Advisory Partners bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at about $58,000. Finally, Optiver Holding B.V. bought a new position in Invesco S&P 500 GARP ETF in the 3rd quarter valued at about $65,000.

Invesco S&P 500 GARP ETF Trading Up 0.5%

SPGP traded up $0.59 on Monday, reaching $120.73. The company had a trading volume of 34,416 shares, compared to its average volume of 92,127. The company has a fifty day moving average of $114.43 and a 200-day moving average of $114.14. The company has a market capitalization of $2.28 billion, a P/E ratio of 16.90 and a beta of 0.97. Invesco S&P 500 GARP ETF has a one year low of $101.13 and a one year high of $121.04.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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.

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