Short Interest in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Rises By 361.3%

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 29,544 shares, an increase of 361.3% from the May 31st total of 6,404 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 16,030 shares, the days-to-cover ratio is currently 1.8 days.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

Invesco S&P MidCap 400 Revenue ETF stock traded up $0.25 during midday trading on Friday, hitting $145.91. 10,576 shares of the company’s stock were exchanged, compared to its average volume of 21,310. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 12-month low of $115.34 and a 12-month high of $148.24. The firm’s 50 day simple moving average is $140.81 and its 200 day simple moving average is $134.79.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently modified their holdings of RWK. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after purchasing an additional 538,536 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% during the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after acquiring an additional 472,081 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 914.2% during the 1st quarter. Bleakley Financial Group LLC now owns 205,423 shares of the company’s stock valued at $26,348,000 after buying an additional 185,169 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 44.3% during the 3rd quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock worth $31,670,000 after acquiring an additional 77,834 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% in the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after acquiring an additional 64,763 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.