Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Update

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 168,584 shares, a decline of 50.0% from the July 30th total of 336,957 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 280,594 shares, the days-to-cover ratio is currently 0.6 days.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of NYSEARCA RWL traded up $0.25 during midday trading on Friday, reaching $134.16. 184,776 shares of the stock were exchanged, compared to its average volume of 265,757. The stock has a market capitalization of $9.86 billion, a P/E ratio of 18.14 and a beta of 0.85. The company has a 50 day simple moving average of $131.49 and a 200 day simple moving average of $124.98. Invesco S&P 500 Revenue ETF has a twelve month low of $106.99 and a twelve month high of $135.71.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RWL. SWAN Capital LLC acquired a new position in shares of Invesco S&P 500 Revenue ETF in the 4th quarter valued at $30,000. Aptus Capital Advisors LLC increased its position in shares of Invesco S&P 500 Revenue ETF by 359.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Invesco S&P 500 Revenue ETF by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock valued at $87,000 after buying an additional 115 shares during the period. Assetmark Inc. lifted its position in Invesco S&P 500 Revenue ETF by 100.6% in the first quarter. Assetmark Inc. now owns 953 shares of the company’s stock valued at $110,000 after buying an additional 478 shares during the last quarter. Finally, US Bancorp DE lifted its position in Invesco S&P 500 Revenue ETF by 125.0% in the third quarter. US Bancorp DE now owns 1,125 shares of the company’s stock valued at $124,000 after buying an additional 625 shares during the last quarter.

About Invesco S&P 500 Revenue ETF

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.