Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Short Interest Update

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,867 shares, a decrease of 18.5% from the February 26th total of 2,290 shares. Based on an average daily trading volume, of 9,045 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RFV. BNB Wealth Management LLC purchased a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter worth $1,401,000. Cetera Investment Advisers increased its stake in Invesco S&P MidCap 400 Pure Value ETF by 8.4% in the 4th quarter. Cetera Investment Advisers now owns 37,292 shares of the company’s stock worth $4,766,000 after acquiring an additional 2,875 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 6.4% in the 4th quarter. Advisory Services Network LLC now owns 7,486 shares of the company’s stock valued at $957,000 after acquiring an additional 448 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 19.5% in the 4th quarter. Royal Bank of Canada now owns 62,037 shares of the company’s stock valued at $7,928,000 after acquiring an additional 10,131 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of Invesco S&P MidCap 400 Pure Value ETF by 15.0% during the 4th quarter. MML Investors Services LLC now owns 11,440 shares of the company’s stock valued at $1,462,000 after acquiring an additional 1,490 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Stock Down 0.4%

NYSEARCA:RFV traded down $0.53 during mid-day trading on Monday, hitting $127.36. 2,500 shares of the stock traded hands, compared to its average volume of 8,542. The business’s 50-day moving average price is $133.62 and its 200 day moving average price is $130.48. The company has a market cap of $295.48 million, a PE ratio of 10.99 and a beta of 1.16. Invesco S&P MidCap 400 Pure Value ETF has a 12-month low of $96.78 and a 12-month high of $142.77.

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.