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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 60,297 shares, a growth of 242.3% from the June 30th total of 17,614 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 16,303 shares, the short-interest ratio is currently 3.7 days.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.9%

Shares of Invesco S&P MidCap 400 Revenue ETF stock traded up $1.34 during trading on Monday, hitting $148.69. The stock had a trading volume of 16,886 shares, compared to its average volume of 20,664. Invesco S&P MidCap 400 Revenue ETF has a 12 month low of $115.34 and a 12 month high of $149.27. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The business’s 50-day moving average is $143.92 and its 200 day moving average is $137.31.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently added to or reduced their stakes in RWK. Equitable Holdings Inc. grew its stake in Invesco S&P MidCap 400 Revenue ETF by 2.3% in the 4th quarter. Equitable Holdings Inc. now owns 3,799 shares of the company’s stock worth $480,000 after buying an additional 87 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 1.6% during the first quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock worth $710,000 after purchasing an additional 89 shares during the last quarter. Stifel Financial Corp lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 1.3% during the fourth quarter. Stifel Financial Corp now owns 9,289 shares of the company’s stock worth $1,175,000 after purchasing an additional 118 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% in the 4th quarter. NewEdge Advisors LLC now owns 10,917 shares of the company’s stock worth $1,381,000 after purchasing an additional 144 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 5.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,559 shares of the company’s stock valued at $576,000 after purchasing an additional 217 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.