Short Interest in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Expands By 51.5%

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 136,407 shares, an increase of 51.5% from the July 30th total of 90,062 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 284,588 shares, the short-interest ratio is presently 0.5 days.

Invesco S&P 500 Pure Value ETF Trading Up 0.6%

Shares of NYSEARCA:RPV traded up $0.72 during mid-day trading on Tuesday, reaching $121.64. The stock had a trading volume of 17,502 shares, compared to its average volume of 172,572. The company has a market cap of $1.70 billion, a P/E ratio of 13.00 and a beta of 0.82. Invesco S&P 500 Pure Value ETF has a 1 year low of $95.86 and a 1 year high of $123.36. The business’s 50 day moving average price is $118.83 and its 200 day moving average price is $113.50.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Hedge funds have recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 1,595,954 shares of the company’s stock valued at $164,958,000 after purchasing an additional 201,464 shares in the last quarter. Assetmark Inc. increased its position in Invesco S&P 500 Pure Value ETF by 169,496.2% in the first quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock worth $76,130,000 after purchasing an additional 708,494 shares during the last quarter. Armbruster Capital Management Inc. increased its position in Invesco S&P 500 Pure Value ETF by 4.4% in the first quarter. Armbruster Capital Management Inc. now owns 370,013 shares of the company’s stock worth $39,736,000 after purchasing an additional 15,549 shares during the last quarter. ACR Alpine Capital Research LLC purchased a new stake in Invesco S&P 500 Pure Value ETF during the fourth quarter valued at $36,485,000. Finally, New England Private Wealth Advisors LLC raised its stake in Invesco S&P 500 Pure Value ETF by 2,001.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock valued at $35,868,000 after purchasing an additional 330,363 shares in the last quarter.

Invesco S&P 500 Pure Value ETF Company Profile

The Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that is based on the S&P 500\u002FCitigroup Pure Value index. The fund tracks an index of primarily large-cap, committee-selected US stocks. The index covers about 33% of the S&P 500’s market cap, using three factors to select value stocks. RPV was launched on Mar 1, 2006 and is managed by Invesco.