Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Growth in Short Interest

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 102,881 shares, an increase of 77.0% from the June 30th total of 58,139 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 92,730 shares, the short-interest ratio is presently 1.1 days.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

Invesco S&P SmallCap 600 Revenue ETF stock traded down $0.50 during mid-day trading on Thursday, hitting $61.02. 65,277 shares of the company traded hands, compared to its average volume of 86,878. Invesco S&P SmallCap 600 Revenue ETF has a one year low of $42.51 and a one year high of $62.38. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 13.17 and a beta of 1.07. The stock has a fifty day moving average price of $58.54 and a 200-day moving average price of $54.72.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Greenline Wealth Management LLC bought a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the 4th quarter worth $31,000. Ameriflex Group Inc. bought a new position in Invesco S&P SmallCap 600 Revenue ETF in the fourth quarter valued at $42,000. AlphaCore Capital LLC raised its position in Invesco S&P SmallCap 600 Revenue ETF by 341.4% during the fourth quarter. AlphaCore Capital LLC now owns 927 shares of the company’s stock valued at $45,000 after purchasing an additional 717 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Invesco S&P SmallCap 600 Revenue ETF by 913.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,125 shares of the company’s stock valued at $54,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Allworth Financial LP raised its position in Invesco S&P SmallCap 600 Revenue ETF by 200.8% during the fourth quarter. Allworth Financial LP now owns 2,397 shares of the company’s stock valued at $117,000 after purchasing an additional 1,600 shares in the last quarter.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.