Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Up 77.0% in July

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 102,881 shares, an increase of 77.0% from the June 30th total of 58,139 shares. Based on an average daily trading volume, of 92,730 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Greenline Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF in the 4th quarter worth about $31,000. Ameriflex Group Inc. acquired a new position in Invesco S&P SmallCap 600 Revenue ETF during the 4th quarter valued at about $42,000. AlphaCore Capital LLC increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 341.4% during the 4th quarter. AlphaCore Capital LLC now owns 927 shares of the company’s stock worth $45,000 after purchasing an additional 717 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 913.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,125 shares of the company’s stock worth $54,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 200.8% in the fourth quarter. Allworth Financial LP now owns 2,397 shares of the company’s stock worth $117,000 after purchasing an additional 1,600 shares during the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

Shares of RWJ stock traded down $0.12 during trading hours on Friday, hitting $60.90. 115,567 shares of the company were exchanged, compared to its average volume of 87,075. The firm has a market cap of $2.06 billion, a P/E ratio of 13.17 and a beta of 1.07. Invesco S&P SmallCap 600 Revenue ETF has a fifty-two week low of $42.51 and a fifty-two week high of $62.38. The company has a 50 day simple moving average of $58.78 and a two-hundred day simple moving average of $54.83.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.