Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 5,119 shares, an increase of 750.3% from the May 31st total of 602 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 7,785 shares, the days-to-cover ratio is presently 0.7 days.

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

Large investors have recently added to or reduced their stakes in the business. Sankala Group LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $46,000. Root Financial Partners LLC grew its stake in shares of Invesco S&P MidCap 400 GARP ETF by 321.3% in the fourth quarter. Root Financial Partners LLC now owns 691 shares of the company’s stock worth $83,000 after acquiring an additional 527 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF in the fourth quarter worth $85,000. Rockefeller Capital Management L.P. increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after acquiring an additional 151 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the second quarter worth $201,000.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of NYSEARCA:GRPM opened at $129.47 on Friday. The firm has a market capitalization of $501.05 million, a PE ratio of 13.88 and a beta of 1.01. The firm’s 50-day moving average is $126.71 and its two-hundred day moving average is $123.23. Invesco S&P MidCap 400 GARP ETF has a 1 year low of $108.38 and a 1 year high of $131.28.

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.