Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Stock Short Interest Falls 65.3%

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 13,209 shares, a decline of 65.3% from the September 15th total of 38,014 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 18,969 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 914.2% during the 1st quarter. Bleakley Financial Group LLC now owns 205,423 shares of the company’s stock worth $26,348,000 after buying an additional 185,169 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the third quarter worth approximately $14,963,000. Bank of America Corp DE lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 16.9% in the first quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after buying an additional 47,267 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 114.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock valued at $3,559,000 after buying an additional 14,802 shares during the period. Finally, Fusion Family Wealth LLC boosted its stake in 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 0.6%

Invesco S&P MidCap 400 Revenue ETF stock traded up $0.91 during trading hours on Tuesday, hitting $142.78. The stock had a trading volume of 15,487 shares, compared to its average volume of 20,608. The company has a 50-day moving average of $145.93 and a two-hundred day moving average of $142.84. The company has a market cap of $1.29 billion, a PE ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a fifty-two week low of $118.54 and a fifty-two week high of $152.74.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.