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

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,579 shares, a growth of 196.8% from the May 14th total of 1,206 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,380 shares, the days-to-cover ratio is currently 1.5 days.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Up 3.4%

Shares of NYSEARCA:RZG opened at $67.18 on Friday. The firm has a market capitalization of $127.64 million, a PE ratio of 18.78 and a beta of 1.15. Invesco S&P SmallCap 600 Pure Growth ETF has a twelve month low of $48.39 and a twelve month high of $67.21. The company has a 50-day moving average price of $63.05 and a two-hundred day moving average price of $59.04.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 1.7% in the fourth quarter. LPL Financial LLC now owns 106,120 shares of the company’s stock valued at $5,771,000 after acquiring an additional 1,785 shares during the period. Horizon Family Wealth Inc. boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 215.2% in the fourth quarter. Horizon Family Wealth Inc. now owns 72,604 shares of the company’s stock valued at $3,948,000 after acquiring an additional 49,568 shares during the period. AQR Capital Management LLC boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 72.8% in the first quarter. AQR Capital Management LLC now owns 34,577 shares of the company’s stock valued at $1,617,000 after acquiring an additional 14,569 shares during the period. Bank of America Corp DE boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 3.5% in the first quarter. Bank of America Corp DE now owns 24,852 shares of the company’s stock valued at $1,416,000 after acquiring an additional 836 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Invesco S&P SmallCap 600 Pure Growth ETF by 1.9% in the fourth quarter. Osaic Holdings Inc. now owns 23,891 shares of the company’s stock valued at $1,299,000 after acquiring an additional 434 shares during the period.

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.