Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Short Interest Up 242.3% in July

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 60,297 shares, an increase of 242.3% from the June 30th total of 17,614 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,303 shares, the days-to-cover ratio is currently 3.7 days.

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

Several large investors have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 7.4% during the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after purchasing an additional 64,763 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P MidCap 400 Revenue ETF by 446.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after buying an additional 538,536 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock worth $76,324,000 after buying an additional 18,274 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% during the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after buying an additional 472,081 shares in the last quarter. Finally, Fusion Family Wealth LLC raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 2.6% in the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after acquiring an additional 13,960 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Up 1.3%

NYSEARCA:RWK traded up $1.87 during trading hours on Friday, reaching $147.35. The company had a trading volume of 13,000 shares, compared to its average volume of 20,691. The stock has a 50-day moving average of $143.92 and a two-hundred day moving average of $137.26. Invesco S&P MidCap 400 Revenue ETF has a one year low of $115.34 and a one year high of $149.27. The firm has a market capitalization of $1.30 billion, a PE ratio of 14.05 and a beta of 1.06.

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.