Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Significant Decline in Short Interest

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 124,780 shares, a decrease of 55.8% from the April 15th total of 282,197 shares. Based on an average trading volume of 477,049 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Pure Growth ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock valued at $448,000 after purchasing an additional 242 shares during the period. Lido Advisors LLC raised its position in shares of Invesco S&P 500 Pure Growth ETF by 1.8% in the fourth quarter. Lido Advisors LLC now owns 13,546 shares of the company’s stock valued at $646,000 after purchasing an additional 242 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Invesco S&P 500 Pure Growth ETF by 5.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,890 shares of the company’s stock valued at $228,000 after purchasing an additional 250 shares during the period. IFP Advisors Inc raised its position in shares of Invesco S&P 500 Pure Growth ETF by 5.2% in the third quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock valued at $293,000 after purchasing an additional 302 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its position in shares of Invesco S&P 500 Pure Growth ETF by 4.8% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,062 shares of the company’s stock valued at $330,000 after purchasing an additional 325 shares during the period.

Invesco S&P 500 Pure Growth ETF Stock Down 1.8%

Shares of RPG traded down $1.04 during trading hours on Friday, hitting $57.00. The company had a trading volume of 518,623 shares, compared to its average volume of 411,551. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 24.25 and a beta of 1.21. The business has a fifty day moving average of $51.26 and a 200-day moving average of $48.97. Invesco S&P 500 Pure Growth ETF has a 12 month low of $41.69 and a 12 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.