Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Up 57.7% in May

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 211,700 shares, an increase of 57.7% from the May 14th total of 134,256 shares. Based on an average daily trading volume, of 211,916 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

A number of hedge funds have recently bought and sold shares of the company. KMG Fiduciary Partners LLC raised its stake in Invesco S&P 500 Revenue ETF by 1.0% during the fourth quarter. KMG Fiduciary Partners LLC now owns 9,101 shares of the company’s stock worth $1,042,000 after buying an additional 90 shares during the last quarter. Stephens Inc. AR raised its stake in Invesco S&P 500 Revenue ETF by 4.4% during the fourth quarter. Stephens Inc. AR now owns 2,232 shares of the company’s stock worth $256,000 after buying an additional 94 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Invesco S&P 500 Revenue ETF by 1.0% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 10,775 shares of the company’s stock worth $1,234,000 after buying an additional 103 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Invesco S&P 500 Revenue ETF by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after buying an additional 115 shares during the last quarter. Finally, Savant Capital LLC raised its stake in Invesco S&P 500 Revenue ETF by 3.0% during the fourth quarter. Savant Capital LLC now owns 4,315 shares of the company’s stock worth $494,000 after buying an additional 124 shares during the last quarter.

Invesco S&P 500 Revenue ETF Stock Down 1.5%

Shares of NYSEARCA RWL opened at $127.35 on Thursday. Invesco S&P 500 Revenue ETF has a twelve month low of $101.18 and a twelve month high of $130.00. The firm has a fifty day simple moving average of $124.27 and a 200 day simple moving average of $119.57. The company has a market capitalization of $9.02 billion, a PE ratio of 18.14 and a beta of 0.86.

Invesco S&P 500 Revenue ETF Company Profile

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.