Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Down 49.9% in May

by · The Markets Daily

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,544 shares, a drop of 49.9% from the April 30th total of 13,055 shares. Based on an average trading volume of 6,178 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are short sold.

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

Large investors have recently made changes to their positions in the stock. Evolution Wealth Management Inc. bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the first quarter worth $27,000. Blair William & Co. IL boosted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 224.2% during the fourth quarter. Blair William & Co. IL now owns 859 shares of the company’s stock valued at $45,000 after buying an additional 594 shares during the period. PNC Financial Services Group Inc. boosted its stake in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% during the third quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock valued at $45,000 after buying an additional 825 shares during the period. Advisory Services Network LLC bought a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the third quarter valued at $51,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the fourth quarter valued at $53,000.

Invesco S&P MidCap 400 Pure Growth ETF Price Performance

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock traded up $0.16 during trading hours on Monday, reaching $63.20. The company had a trading volume of 6,035 shares, compared to its average volume of 11,279. Invesco S&P MidCap 400 Pure Growth ETF has a one year low of $46.80 and a one year high of $63.55. The business has a fifty day simple moving average of $59.06 and a 200 day simple moving average of $56.24. The firm has a market cap of $354.55 million, a PE ratio of 20.52 and a beta of 1.12.

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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