Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Large Increase in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,470 shares, a growth of 117.6% from the September 30th total of 3,892 shares. Based on an average trading volume of 11,286 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 15.2% during the 1st quarter. Royal Bank of Canada now owns 71,480 shares of the company’s stock worth $9,290,000 after purchasing an additional 9,443 shares during the period. Focus Financial Network Inc. acquired a new position in shares of Invesco S&P MidCap 400 Pure Value ETF in the second quarter valued at approximately $788,000. Saxony Capital Management LLC purchased a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF during the third quarter worth $1,611,000. CoreCap Advisors LLC increased its holdings in Invesco S&P MidCap 400 Pure Value ETF by 3.5% during the 2nd quarter. CoreCap Advisors LLC now owns 2,281 shares of the company’s stock worth $326,000 after purchasing an additional 77 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 37.7% during the second quarter. Citadel Advisors LLC now owns 7,243 shares of the company’s stock worth $1,035,000 after buying an additional 1,983 shares during the period.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

RFV stock traded down $0.11 during midday trading on Friday, reaching $147.91. 4,404 shares of the company’s stock traded hands, compared to its average volume of 6,672. The company has a 50-day moving average price of $146.93 and a two-hundred day moving average price of $141.22. Invesco S&P MidCap 400 Pure Value ETF has a 52 week low of $121.21 and a 52 week high of $153.30. The firm has a market capitalization of $341.67 million, a PE ratio of 10.99 and a beta of 1.06.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.