Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Short Interest Up 513.6% in April

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 14,364 shares, an increase of 513.6% from the April 15th total of 2,341 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 14,973 shares, the days-to-cover ratio is currently 1.0 days.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Performance

RZG traded up $0.20 during trading on Thursday, reaching $63.93. The stock had a trading volume of 6,630 shares, compared to its average volume of 5,697. The stock has a market cap of $121.47 million, a PE ratio of 18.78 and a beta of 1.16. Invesco S&P SmallCap 600 Pure Growth ETF has a one year low of $47.95 and a one year high of $65.71. The business has a 50-day moving average of $59.85 and a 200-day moving average of $57.45.

Institutional Trading of Invesco S&P SmallCap 600 Pure Growth ETF

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 5.0% during the fourth quarter. Western Wealth Management LLC now owns 4,035 shares of the company’s stock valued at $219,000 after buying an additional 191 shares during the period. Belpointe Asset Management LLC boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 8.4% during the third quarter. Belpointe Asset Management LLC now owns 4,436 shares of the company’s stock valued at $242,000 after buying an additional 345 shares during the period. Osaic Holdings Inc. boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 1.9% during the fourth quarter. Osaic Holdings Inc. now owns 23,891 shares of the company’s stock valued at $1,299,000 after buying an additional 434 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 2.2% during the third quarter. Bank of America Corp DE now owns 24,552 shares of the company’s stock valued at $1,337,000 after buying an additional 519 shares during the period. Finally, Cetera Investment Advisers boosted its position in Invesco S&P SmallCap 600 Pure Growth ETF by 15.7% during the first quarter. Cetera Investment Advisers now owns 5,921 shares of the company’s stock valued at $337,000 after buying an additional 804 shares during the period.

About Invesco S&P SmallCap 600 Pure Growth ETF

Guggenheim S&P SmallCap 600 Pure Growth ETF (the Fund) seeks to replicate as the performance of the S&P SmallCap 600 Pure Growth Index (the Index). The Fund invests in sectors, such as energy, consumer staples, industrials, financials, materials, healthcare, consumer discretionary, information technology and telecommunication services. Security Investors, LLC, which operates under the name Rydex Investments, serves as the investment adviser of the Fund. State Street Bank and Trust Company acts as the administrator of the Fund.