Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Up 112.6% in July

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 61,921 shares, an increase of 112.6% from the June 30th total of 29,121 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 91,704 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its holdings in Invesco S&P 500 GARP ETF by 4.2% during the first quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock valued at $233,000 after purchasing an additional 88 shares during the period. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Invesco S&P 500 GARP ETF by 1.4% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock valued at $752,000 after buying an additional 88 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 GARP ETF by 4.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock valued at $283,000 after buying an additional 100 shares during the last quarter. Visionary Wealth Advisors grew its stake in shares of Invesco S&P 500 GARP ETF by 0.8% during the 2nd quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock worth $1,827,000 after acquiring an additional 128 shares during the period. Finally, Darwin Wealth Management LLC increased its holdings in Invesco S&P 500 GARP ETF by 6.1% in the 4th quarter. Darwin Wealth Management LLC now owns 2,230 shares of the company’s stock worth $254,000 after acquiring an additional 129 shares during the last quarter.

Invesco S&P 500 GARP ETF Price Performance

NYSEARCA SPGP remained flat at $125.34 during trading hours on Thursday. 61,652 shares of the company were exchanged, compared to its average volume of 87,996. Invesco S&P 500 GARP ETF has a 1-year low of $103.86 and a 1-year high of $126.66. The firm has a 50-day simple moving average of $121.51 and a 200 day simple moving average of $116.69. The company has a market cap of $2.25 billion, a PE ratio of 16.90 and a beta of 0.96.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.