Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Short Interest Down 59.9% in May

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 14,481 shares, a decline of 59.9% from the April 30th total of 36,123 shares. Based on an average trading volume of 84,317 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Invesco S&P 500 GARP ETF Price Performance

SPGP stock traded down $0.19 on Friday, reaching $120.14. 69,470 shares of the company were exchanged, compared to its average volume of 92,694. Invesco S&P 500 GARP ETF has a 12 month low of $100.73 and a 12 month high of $120.96. The stock’s fifty day moving average price is $114.19 and its 200 day moving average price is $114.07. The firm has a market capitalization of $2.27 billion, a PE ratio of 16.90 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P 500 GARP ETF

A number of hedge funds have recently made changes to their positions in SPGP. Franklin Resources Inc. acquired a new position in Invesco S&P 500 GARP ETF in the second quarter valued at about $34,000. Sarver Vrooman Wealth Advisors acquired a new stake in Invesco S&P 500 GARP ETF during the 4th quarter valued at $38,000. GGM Financials LLC bought a new position in Invesco S&P 500 GARP ETF in the 3rd quarter valued at $42,000. Arax Advisory Partners bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at $58,000. Finally, Optiver Holding B.V. bought a new position in Invesco S&P 500 GARP ETF in the 3rd quarter valued at $65,000.

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.