Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Sees Significant Drop in Short Interest
by Amy Steele · The Cerbat GemInvesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,575 shares, a decrease of 16.0% from the November 30th total of 1,875 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,081 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 7,081 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in RFG. CWM LLC grew its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 149.0% during the third quarter. CWM LLC now owns 498 shares of the company’s stock worth $25,000 after purchasing an additional 298 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% during the third quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock worth $45,000 after buying an additional 825 shares during the last quarter. 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 about $50,000. Advisory Services Network LLC bought a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 3rd quarter valued at about $51,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 2nd quarter valued at approximately $129,000.
Invesco S&P MidCap 400 Pure Growth ETF Price Performance
Shares of RFG stock traded down $0.55 during trading hours on Thursday, reaching $52.44. 4,246 shares of the company were exchanged, compared to its average volume of 12,125. Invesco S&P MidCap 400 Pure Growth ETF has a fifty-two week low of $37.89 and a fifty-two week high of $53.83. The stock’s fifty day moving average is $52.15 and its two-hundred day moving average is $50.85. The company has a market cap of $299.43 million, a price-to-earnings ratio of 20.52 and a beta of 1.11.
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.