Short Interest in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Decreases By 73.0%

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 74,502 shares, a drop of 73.0% from the May 14th total of 275,473 shares. Based on an average trading volume of 591,994 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

A number of institutional investors have recently modified their holdings of RPG. Diversify Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at approximately $471,000. Quantinno Capital Management LP purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the second quarter valued at $687,000. Orion Porfolio Solutions LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the second quarter valued at $266,000. Truefg LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the second quarter valued at $273,000. Finally, Corient Private Wealth LLC lifted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 2.8% in the second quarter. Corient Private Wealth LLC now owns 66,359 shares of the company’s stock worth $3,037,000 after buying an additional 1,819 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Up 5.2%

RPG traded up $2.97 during trading hours on Thursday, hitting $60.10. The stock had a trading volume of 1,231,201 shares, compared to its average volume of 462,286. The company’s fifty day simple moving average is $55.16 and its 200 day simple moving average is $50.53. Invesco S&P 500 Pure Growth ETF has a 1 year low of $42.84 and a 1 year high of $61.69. The stock has a market cap of $2.09 billion, a PE ratio of 24.25 and a beta of 1.22.

Invesco S&P 500 Pure Growth ETF Company Profile

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.