Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Short Interest Down 48.6% in May

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 6,404 shares, a decline of 48.6% from the May 14th total of 12,471 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,925 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Equitable Holdings Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 2.3% in the fourth 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 lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.6% in the first 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 lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% in the fourth quarter. Stifel Financial Corp now owns 9,289 shares of the company’s stock valued at $1,175,000 after purchasing an additional 118 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 1.3% in the fourth quarter. NewEdge Advisors LLC now owns 10,917 shares of the company’s stock valued at $1,381,000 after purchasing an additional 144 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 5.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,559 shares of the company’s stock valued at $576,000 after purchasing an additional 217 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

RWK stock traded up $1.18 during trading on Friday, reaching $146.22. 14,339 shares of the company were exchanged, compared to its average volume of 21,715. The company has a market cap of $1.27 billion, a P/E ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $112.26 and a 52-week high of $146.84. The stock’s 50 day moving average price is $138.51 and its 200 day moving average price is $133.45.

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.