Short Interest in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Rises By 439.0%

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,148 shares, a growth of 439.0% from the July 30th total of 584 shares. Based on an average daily volume of 5,658 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 507.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock valued at $84,332,000 after buying an additional 587,112 shares during the period. HighTower Advisors LLC purchased a new position in Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at about $55,433,000. GW Henssler & Associates Ltd. acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at about $20,222,000. Bank of America Corp DE increased its stake in Invesco S&P MidCap 400 GARP ETF by 49.9% during the 1st quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock worth $17,044,000 after buying an additional 47,957 shares during the period. Finally, Asset Allocation Strategies LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the second quarter valued at $1,288,000.

Invesco S&P MidCap 400 GARP ETF Stock Up 0.7%

Shares of Invesco S&P MidCap 400 GARP ETF stock traded up $1.04 during mid-day trading on Thursday, hitting $146.15. The stock had a trading volume of 5,759 shares, compared to its average volume of 15,417. The firm has a 50-day moving average of $135.56 and a two-hundred day moving average of $127.69. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $112.44 and a 12-month high of $146.28. The firm has a market cap of $518.83 million, a P/E ratio of 13.88 and a beta of 1.01.

About Invesco S&P MidCap 400 GARP ETF

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.