Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Short Interest Down 48.6% in May

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 6,404 shares, a drop of 48.6% from the May 14th total of 12,471 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,925 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P MidCap 400 Revenue ETF Trading Up 0.8%

Shares of NYSEARCA RWK traded up $1.18 during mid-day trading on Friday, reaching $146.22. The company had a trading volume of 14,339 shares, compared to its average volume of 21,715. The firm has a 50 day simple moving average of $138.51 and a two-hundred day simple moving average of $133.45. The stock has a market cap of $1.27 billion, a P/E ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $112.26 and a 52-week high of $146.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its stake in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after purchasing an additional 64,763 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after buying an additional 538,536 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after buying an additional 18,274 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 455.6% in the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after buying an additional 472,081 shares during the last quarter. Finally, Fusion Family Wealth LLC raised its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 2.6% in the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after buying an additional 13,960 shares during 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.