Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Sees Large Decrease in Short Interest

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,303 shares, a drop of 74.2% from the August 15th total of 20,529 shares. Based on an average trading volume of 7,564 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Invesco S&P SmallCap 600 Pure Value ETF Stock Up 0.8%

NYSEARCA:RZV traded up $1.15 on Friday, reaching $146.24. 4,990 shares of the company’s stock were exchanged, compared to its average volume of 7,507. The firm has a market capitalization of $291.02 million, a price-to-earnings ratio of 10.81 and a beta of 1.09. The business has a fifty day moving average of $149.68 and a 200-day moving average of $139.54. Invesco S&P SmallCap 600 Pure Value ETF has a 52-week low of $109.88 and a 52-week high of $153.79.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Several large investors have recently added to or reduced their stakes in the business. American Institute for Advanced Investment Management LLP grew its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.9% in the first quarter. American Institute for Advanced Investment Management LLP now owns 5,870 shares of the company’s stock worth $730,000 after acquiring an additional 110 shares in the last quarter. Armbruster Capital Management Inc. raised its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 0.3% in the first quarter. Armbruster Capital Management Inc. now owns 66,103 shares of the company’s stock valued at $8,223,000 after acquiring an additional 181 shares in the last quarter. Royal Bank of Canada boosted its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 1.9% in the first quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock valued at $1,016,000 after purchasing an additional 195 shares during the period. MML Investors Services LLC grew its stake in Invesco S&P SmallCap 600 Pure Value ETF by 6.3% during the 4th quarter. MML Investors Services LLC now owns 3,593 shares of the company’s stock worth $427,000 after purchasing an additional 214 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter worth $33,000.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.