Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Up 169.0% in April

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 224,679 shares, an increase of 169.0% from the April 15th total of 83,535 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 215,373 shares, the days-to-cover ratio is currently 1.0 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. GoalVest Advisory LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 355.1% in the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the fourth quarter valued at $26,000. SWAN Capital LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the fourth quarter valued at $30,000. Aptus Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Revenue ETF by 359.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares during the period. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter valued at $39,000.

Invesco S&P 500 Revenue ETF Stock Down 0.9%

Invesco S&P 500 Revenue ETF stock opened at $124.41 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The firm’s fifty day moving average is $119.10 and its 200 day moving average is $117.12. Invesco S&P 500 Revenue ETF has a 52-week low of $98.79 and a 52-week high of $125.92.

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.