Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Large Drop in Short Interest

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 998 shares, a decline of 37.8% from the August 31st total of 1,604 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,335 shares, the short-interest ratio is currently 0.2 days.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Up 0.0%

NYSEARCA:RZG traded up $0.02 during midday trading on Thursday, hitting $62.49. The stock had a trading volume of 2,153 shares, compared to its average volume of 8,461. The stock has a 50-day moving average of $67.21 and a 200 day moving average of $65.34. The company has a market capitalization of $119.35 million, a price-to-earnings ratio of 18.78 and a beta of 1.12. Invesco S&P SmallCap 600 Pure Growth ETF has a one year low of $50.95 and a one year high of $73.24.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC boosted its stake in Invesco S&P SmallCap 600 Pure Growth ETF by 290.7% in the first quarter. IMC Chicago LLC now owns 22,786 shares of the company’s stock valued at $1,298,000 after acquiring an additional 34,733 shares in the last quarter. Tempo Wealth LLC acquired a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF during the fourth quarter worth $1,008,000. Focus Financial Network Inc. purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Growth ETF during the 2nd quarter valued at $211,000. Harbour Investments Inc. boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 49.0% in the 4th quarter. Harbour Investments Inc. now owns 3,648 shares of the company’s stock worth $198,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock worth $1,416,000 after purchasing an additional 836 shares in the last quarter.

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.