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

Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 3,316 shares, a decrease of 61.8% from the July 30th total of 8,672 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 11,387 shares, the days-to-cover ratio is currently 0.3 days.

Invesco S&P SmallCap 600 Pure Growth ETF Stock Performance

Shares of NYSEARCA RZG traded down $1.15 during trading on Friday, hitting $67.36. The company had a trading volume of 14,854 shares, compared to its average volume of 9,097. Invesco S&P SmallCap 600 Pure Growth ETF has a 12 month low of $50.95 and a 12 month high of $73.24. The firm has a market capitalization of $135.39 million, a P/E ratio of 18.78 and a beta of 1.13. The stock has a 50 day simple moving average of $69.88 and a 200 day simple moving average of $64.28.

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

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its stake 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 worth $1,617,000 after purchasing an additional 14,569 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 1,260.7% in the 1st quarter. Jones Financial Companies Lllp now owns 4,014 shares of the company’s stock worth $188,000 after buying an additional 3,719 shares during the period. Raymond James Financial Inc. boosted its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 59.2% in the 2nd quarter. Raymond James Financial Inc. now owns 8,154 shares of the company’s stock worth $412,000 after buying an additional 3,033 shares during the period. UBS Group AG increased its stake in Invesco S&P SmallCap 600 Pure Growth ETF by 22.7% in the 3rd quarter. UBS Group AG now owns 12,379 shares of the company’s stock worth $674,000 after buying an additional 2,291 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 2.2% during the third quarter. Bank of America Corp DE now owns 24,552 shares of the company’s stock valued at $1,337,000 after acquiring an additional 519 shares during the period.

Invesco S&P SmallCap 600 Pure Growth ETF Company Profile

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.