Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Short Interest Down 63.0% in March

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 4,297 shares, a decline of 63.0% from the February 26th total of 11,619 shares. Based on an average trading volume of 7,376 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 7,376 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RFG. Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap 400 Pure Growth ETF by 144.3% in the 1st quarter. Jones Financial Companies Lllp now owns 5,302 shares of the company’s stock worth $232,000 after buying an additional 3,132 shares during the period. Cetera Investment Advisers boosted its position in Invesco S&P MidCap 400 Pure Growth ETF by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 20,070 shares of the company’s stock valued at $978,000 after buying an additional 1,268 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P MidCap 400 Pure Growth ETF by 38.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 61,005 shares of the company’s stock worth $2,974,000 after acquiring an additional 17,079 shares in the last quarter. Berry Wealth Group LP bought a new position in Invesco S&P MidCap 400 Pure Growth ETF in the 2nd quarter worth about $207,000. Finally, M Holdings Securities Inc. purchased a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the second quarter worth approximately $681,000.

Invesco S&P MidCap 400 Pure Growth ETF Stock Up 0.9%

Shares of Invesco S&P MidCap 400 Pure Growth ETF stock opened at $55.68 on Wednesday. The stock’s fifty day moving average is $56.55 and its two-hundred day moving average is $53.58. Invesco S&P MidCap 400 Pure Growth ETF has a 52 week low of $37.89 and a 52 week high of $59.05. The company has a market capitalization of $307.35 million, a PE ratio of 20.52 and a beta of 1.11.

About Invesco S&P MidCap 400 Pure Growth ETF

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.