Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Up 129.1% in May

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 57,793 shares, an increase of 129.1% from the May 14th total of 25,221 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 97,427 shares, the days-to-cover ratio is currently 0.6 days.

Invesco S&P SmallCap 600 Revenue ETF Trading Up 1.1%

Shares of RWJ traded up $0.63 during mid-day trading on Friday, reaching $58.78. The company’s stock had a trading volume of 76,681 shares, compared to its average volume of 87,156. The stock has a market cap of $1.92 billion, a PE ratio of 13.17 and a beta of 1.08. Invesco S&P SmallCap 600 Revenue ETF has a 52 week low of $41.44 and a 52 week high of $59.17. The company’s fifty day moving average price is $54.92 and its two-hundred day moving average price is $52.37.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in Invesco S&P SmallCap 600 Revenue ETF by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 44,090 shares of the company’s stock valued at $2,226,000 after purchasing an additional 2,000 shares during the period. Financial Solutions Advisory Group Inc. purchased a new position in Invesco S&P SmallCap 600 Revenue ETF during the 1st quarter valued at $366,000. Wellington Grp LLC increased its position in Invesco S&P SmallCap 600 Revenue ETF by 8.0% during the 1st quarter. Wellington Grp LLC now owns 485,446 shares of the company’s stock valued at $24,505,000 after purchasing an additional 35,805 shares during the period. Bank of America Corp DE increased its position in Invesco S&P SmallCap 600 Revenue ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock valued at $67,623,000 after purchasing an additional 104,300 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in Invesco S&P SmallCap 600 Revenue ETF during the 1st quarter valued at $139,000.

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.