Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Stock Short Interest Falls 65.3%

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 13,209 shares, a decline of 65.3% from the September 15th total of 38,014 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 18,969 shares, the days-to-cover ratio is presently 0.7 days.

Invesco S&P MidCap 400 Revenue ETF Stock Up 0.2%

Shares of NYSEARCA:RWK traded up $0.24 during midday trading on Monday, reaching $141.90. 6,085 shares of the company traded hands, compared to its average volume of 20,618. The firm’s fifty day moving average price is $146.28 and its two-hundred day moving average price is $142.64. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 12 month low of $118.54 and a 12 month high of $152.74.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the third quarter valued at approximately $14,963,000. Envestnet Asset Management Inc. grew its stake in Invesco S&P MidCap 400 Revenue ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 30,677 shares of the company’s stock valued at $4,487,000 after acquiring an additional 684 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Invesco S&P MidCap 400 Revenue ETF by 5.1% during the 2nd quarter. NewEdge Advisors LLC now owns 8,967 shares of the company’s stock worth $1,312,000 after acquiring an additional 437 shares during the period. Trust Co. of Vermont bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the 2nd quarter worth approximately $135,000. Finally, RVW Wealth LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 9.2% in the 2nd quarter. RVW Wealth LLC now owns 128,463 shares of the company’s stock worth $18,789,000 after purchasing an additional 10,876 shares in the last quarter.

About Invesco S&P MidCap 400 Revenue ETF

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.