Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Short Interest Update

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 602 shares, a decrease of 89.6% from the May 14th total of 5,773 shares. Based on an average trading volume of 14,547 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of NYSEARCA:GRPM traded up $0.08 during midday trading on Tuesday, reaching $128.26. 8,416 shares of the company’s stock traded hands, compared to its average volume of 19,357. The company has a market cap of $496.37 million, a price-to-earnings ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a one year low of $105.54 and a one year high of $130.20. The stock has a 50 day moving average of $124.74 and a 200 day moving average of $122.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 49.9% during 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 in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.3% during 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 in the last quarter. Main Street Group LTD lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% during the first quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock valued at $364,000 after purchasing an additional 1,331 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.4% during the first quarter. Sigma Planning Corp now owns 11,835 shares of the company’s stock valued at $1,399,000 after purchasing an additional 277 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 4.8% during the first quarter. Axxcess Wealth Management LLC now owns 36,607 shares of the company’s stock valued at $4,328,000 after purchasing an additional 1,664 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.