Invesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG) Sees Significant Growth in Short Interest
by Renee Jackson · The Cerbat GemInvesco S&P SmallCap 600 Pure Growth ETF (NYSEARCA:RZG – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,341 shares, a growth of 655.2% from the March 31st total of 310 shares. Based on an average daily volume of 6,550 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.
Invesco S&P SmallCap 600 Pure Growth ETF Trading Up 0.7%
Invesco S&P SmallCap 600 Pure Growth ETF stock traded up $0.42 during trading on Friday, hitting $63.42. The company had a trading volume of 2,479 shares, compared to its average volume of 4,147. Invesco S&P SmallCap 600 Pure Growth ETF has a 1-year low of $45.27 and a 1-year high of $63.65. The company’s 50 day simple moving average is $58.75 and its 200-day simple moving average is $56.66. The stock has a market cap of $120.50 million, a price-to-earnings ratio of 18.78 and a beta of 1.14.
Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Growth ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Tempo Wealth LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Growth ETF during the 4th quarter worth approximately $1,008,000. Osaic Holdings Inc. lifted its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 1.9% during the 4th quarter. Osaic Holdings Inc. now owns 23,891 shares of the company’s stock worth $1,299,000 after buying an additional 434 shares in the last quarter. Royal Bank of Canada raised its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 33.3% during the fourth quarter. Royal Bank of Canada now owns 4,332 shares of the company’s stock worth $236,000 after purchasing an additional 1,083 shares in the last quarter. LPL Financial LLC raised its holdings in Invesco S&P SmallCap 600 Pure Growth ETF by 1.7% during the fourth quarter. LPL Financial LLC now owns 106,120 shares of the company’s stock worth $5,771,000 after purchasing an additional 1,785 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in shares of Invesco S&P SmallCap 600 Pure Growth ETF in the 4th quarter valued at $257,000.
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.