Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 6,517 shares, a growth of 100.9% from the September 30th total of 3,244 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 9,042 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% in the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after purchasing an additional 47,957 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap 400 GARP ETF by 2.3% in the first quarter. Cetera Investment Advisers now owns 75,046 shares of the company’s stock valued at $8,873,000 after purchasing an additional 1,715 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 1.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 41,610 shares of the company’s stock worth $5,637,000 after buying an additional 411 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 0.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 27,185 shares of the company’s stock worth $3,539,000 after buying an additional 157 shares during the last quarter. Finally, Asset Allocation Strategies LLC boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 3.5% during the 2nd quarter. Asset Allocation Strategies LLC now owns 18,696 shares of the company’s stock worth $2,434,000 after buying an additional 624 shares during the period.

Invesco S&P MidCap 400 GARP ETF Stock Performance

GRPM traded down $0.28 during trading hours on Friday, reaching $144.72. The company’s stock had a trading volume of 6,853 shares, compared to its average volume of 17,152. Invesco S&P MidCap 400 GARP ETF has a 52 week low of $112.44 and a 52 week high of $146.45. The company’s 50-day moving average is $141.06 and its 200-day moving average is $130.32. The firm has a market cap of $615.06 million, a PE ratio of 13.88 and a beta of 1.03.

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.