Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Significant Growth in Short Interest

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 123,700 shares, a growth of 115.6% from the August 15th total of 57,382 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 85,375 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its position in Invesco S&P SmallCap 600 Revenue ETF by 32.5% in the second quarter. Integrated Wealth Concepts LLC now owns 8,757 shares of the company’s stock worth $521,000 after buying an additional 2,147 shares during the period. NewEdge Advisors LLC grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 7.7% during the second quarter. NewEdge Advisors LLC now owns 47,471 shares of the company’s stock worth $2,825,000 after acquiring an additional 3,381 shares during the last quarter. Hudock Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter worth about $209,000. Waverly Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter worth about $391,000. Finally, Citadel Advisors LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter valued at about $1,756,000.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

Shares of NYSEARCA:RWJ traded up $0.10 during trading on Monday, reaching $59.67. 46,660 shares of the company’s stock traded hands, compared to its average volume of 86,949. The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.17 and a beta of 1.07. Invesco S&P SmallCap 600 Revenue ETF has a 12 month low of $44.70 and a 12 month high of $62.86. The company has a 50 day moving average of $60.84 and a 200-day moving average of $56.58.

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.