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

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,917 shares, an increase of 173.0% from the June 30th total of 4,731 shares. Based on an average trading volume of 7,893 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Value ETF during the fourth quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new position in Invesco S&P SmallCap 600 Pure Value ETF during the second quarter worth approximately $35,000. Cardiff Park Advisors LLC acquired a new position in Invesco S&P SmallCap 600 Pure Value ETF during the first quarter worth approximately $81,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter valued at approximately $171,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Invesco S&P SmallCap 600 Pure Value ETF in the second quarter valued at approximately $201,000.

Invesco S&P SmallCap 600 Pure Value ETF Price Performance

Shares of NYSEARCA RZV traded down $0.24 during midday trading on Monday, hitting $150.17. 4,236 shares of the company’s stock were exchanged, compared to its average volume of 7,622. The firm’s fifty day simple moving average is $143.95 and its 200-day simple moving average is $134.85. The company has a market cap of $292.83 million, a PE ratio of 10.81 and a beta of 1.09. Invesco S&P SmallCap 600 Pure Value ETF has a twelve month low of $103.54 and a twelve month high of $153.79.

About Invesco S&P SmallCap 600 Pure Value ETF

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.