Short Interest in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Rises By 86.4%

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 13,025 shares, a growth of 86.4% from the January 15th total of 6,987 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 83,677 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 83,677 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Invesco S&P 500 GARP ETF Price Performance

Shares of Invesco S&P 500 GARP ETF stock traded up $0.51 during trading on Friday, hitting $114.55. 52,320 shares of the company’s stock traded hands, compared to its average volume of 86,807. The company has a market cap of $2.39 billion, a PE ratio of 16.90 and a beta of 1.00. The firm’s fifty day moving average price is $115.51 and its 200 day moving average price is $113.16. Invesco S&P 500 GARP ETF has a twelve month low of $84.13 and a twelve month high of $118.08.

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

Several large investors have recently modified their holdings of SPGP. Modern Wealth Management LLC lifted its position in shares of Invesco S&P 500 GARP ETF by 644.9% during the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock worth $27,668,000 after buying an additional 210,823 shares during the period. Global Retirement Partners LLC acquired a new position in Invesco S&P 500 GARP ETF during the second quarter worth $19,560,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock valued at $51,184,000 after acquiring an additional 74,711 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Invesco S&P 500 GARP ETF by 115.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock valued at $14,771,000 after purchasing an additional 69,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 915.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after purchasing an additional 39,392 shares during the last quarter.

Invesco S&P 500 GARP ETF Company Profile

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.