Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Short Interest Up 37.7% in March

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,570 shares, an increase of 37.7% from the March 15th total of 1,867 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 7,025 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P MidCap 400 Pure Value ETF Stock Down 0.6%

Shares of NYSEARCA:RFV traded down $0.87 during mid-day trading on Wednesday, reaching $134.29. 7,735 shares of the stock were exchanged, compared to its average volume of 8,133. The company has a market cap of $302.15 million, a P/E ratio of 10.99 and a beta of 1.09. Invesco S&P MidCap 400 Pure Value ETF has a one year low of $102.25 and a one year high of $142.77. The stock’s 50 day simple moving average is $133.04 and its 200-day simple moving average is $130.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RFV. Golden State Wealth Management LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% during the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock worth $102,000 after buying an additional 783 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 174.2% during the third quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock worth $105,000 after buying an additional 519 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 71.0% during the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock worth $137,000 after buying an additional 445 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 15.7% during the third quarter. CoreCap Advisors LLC now owns 1,311 shares of the company’s stock worth $168,000 after buying an additional 178 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Value ETF during the fourth quarter worth about $169,000.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.