Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Significant Decrease in Short Interest

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,614 shares, a decrease of 40.4% from the June 15th total of 29,544 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 16,222 shares, the days-to-cover ratio is presently 1.1 days.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Invesco S&P MidCap 400 Revenue ETF stock traded up $1.47 during midday trading on Thursday, hitting $148.53. 35,307 shares of the stock were exchanged, compared to its average volume of 20,948. Invesco S&P MidCap 400 Revenue ETF has a 1 year low of $115.34 and a 1 year high of $149.01. The firm has a market cap of $1.31 billion, a P/E ratio of 14.05 and a beta of 1.06. The company has a 50 day moving average price of $142.65 and a two-hundred day moving average price of $136.35.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RWK. Equitable Holdings Inc. grew its stake in Invesco S&P MidCap 400 Revenue ETF by 2.3% during the 4th quarter. Equitable Holdings Inc. now owns 3,799 shares of the company’s stock valued at $480,000 after purchasing an additional 87 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,538 shares of the company’s stock valued at $710,000 after purchasing an additional 89 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% during the 4th quarter. Stifel Financial Corp now owns 9,289 shares of the company’s stock valued at $1,175,000 after buying an additional 118 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% during the 4th quarter. NewEdge Advisors LLC now owns 10,917 shares of the company’s stock valued at $1,381,000 after buying an additional 144 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,559 shares of the company’s stock worth $576,000 after buying an additional 217 shares in the last quarter.

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.