Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Large Growth in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 793 shares, a growth of 66.9% from the May 14th total of 475 shares. Based on an average trading volume of 4,979 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco S&P MidCap 400 Pure Value ETF Stock Up 0.0%

Invesco S&P MidCap 400 Pure Value ETF stock traded up $0.07 during trading on Wednesday, reaching $145.18. The stock had a trading volume of 679 shares, compared to its average volume of 6,991. Invesco S&P MidCap 400 Pure Value ETF has a 52-week low of $118.14 and a 52-week high of $147.71. The business has a 50 day moving average price of $138.92 and a 200 day moving average price of $134.62. The stock has a market cap of $328.11 million, a PE ratio of 10.99 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock worth $102,000 after acquiring an additional 783 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the third quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock worth $105,000 after acquiring an additional 519 shares during the last quarter. IFP Advisors Inc lifted its stake in Invesco S&P MidCap 400 Pure Value ETF by 71.0% in the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock worth $137,000 after acquiring an additional 445 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter worth approximately $169,000. Finally, Prospera Financial Services Inc purchased a new position in Invesco S&P MidCap 400 Pure Value ETF in the third quarter worth approximately $216,000.

About Invesco S&P MidCap 400 Pure Value ETF

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.