Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Sees Significant Decline in Short Interest

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,303 shares, a decline of 74.2% from the August 15th total of 20,529 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 7,564 shares, the days-to-cover ratio is currently 0.7 days.

Invesco S&P SmallCap 600 Pure Value ETF Stock Up 0.8%

Shares of RZV traded up $1.15 during midday trading on Friday, reaching $146.24. 4,990 shares of the stock were exchanged, compared to its average volume of 7,507. Invesco S&P SmallCap 600 Pure Value ETF has a twelve month low of $109.88 and a twelve month high of $153.79. The company has a market cap of $291.02 million, a P/E ratio of 10.81 and a beta of 1.09. The stock’s 50 day simple moving average is $149.68 and its 200 day simple moving average is $139.54.

Institutional Trading of Invesco S&P SmallCap 600 Pure Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Theory Financial LLC lifted its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 33.4% during the 1st quarter. Theory Financial LLC now owns 37,781 shares of the company’s stock valued at $4,700,000 after acquiring an additional 9,462 shares during the period. Fortis Group Advisors LLC bought a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter worth $1,166,000. Innova Wealth Partners increased its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 43.3% in the first quarter. Innova Wealth Partners now owns 11,209 shares of the company’s stock worth $1,394,000 after purchasing an additional 3,389 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P SmallCap 600 Pure Value ETF by 310.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock valued at $2,151,000 after purchasing an additional 13,679 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Invesco S&P SmallCap 600 Pure Value ETF by 0.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 52,341 shares of the company’s stock valued at $7,802,000 after purchasing an additional 478 shares in the last quarter.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.