Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Sees Significant Decline in Short Interest

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,575 shares, a decline of 16.0% from the November 30th total of 1,875 shares. Based on an average trading volume of 7,081 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,081 shares, the short-interest ratio is currently 0.2 days.

Invesco S&P MidCap 400 Pure Growth ETF Trading Down 1.0%

Shares of NYSEARCA RFG opened at $52.44 on Friday. The firm has a market cap of $299.43 million, a P/E ratio of 20.52 and a beta of 1.11. Invesco S&P MidCap 400 Pure Growth ETF has a 1-year low of $37.89 and a 1-year high of $53.83. The business’s 50 day moving average is $52.16 and its 200-day moving average is $50.86.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RFG. CWM LLC grew its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 149.0% in the third quarter. CWM LLC now owns 498 shares of the company’s stock valued at $25,000 after acquiring an additional 298 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock valued at $45,000 after purchasing an additional 825 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the 2nd quarter worth approximately $50,000. Advisory Services Network LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the third quarter worth approximately $51,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the second quarter valued at approximately $129,000.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index.