Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Significant Decrease in Short Interest

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 17,614 shares, a drop of 40.4% from the June 15th total of 29,544 shares. Based on an average daily trading volume, of 16,222 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

Several institutional investors and hedge funds have recently modified their holdings of RWK. Royal Bank of Canada increased its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 0.6% during the 1st quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock worth $7,522,000 after purchasing an additional 442 shares in the last quarter. Jane Street Group LLC lifted its stake in Invesco S&P MidCap 400 Revenue ETF by 418.0% in the 1st quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock valued at $1,056,000 after buying an additional 7,901 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 14.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,631 shares of the company’s stock valued at $1,243,000 after buying an additional 1,327 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Invesco S&P MidCap 400 Revenue ETF by 12.9% during the 2nd quarter. NewEdge Advisors LLC now owns 11,909 shares of the company’s stock valued at $1,392,000 after buying an additional 1,359 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Invesco S&P MidCap 400 Revenue ETF by 11.1% during the second quarter. Raymond James Financial Inc. now owns 126,366 shares of the company’s stock worth $14,771,000 after buying an additional 12,639 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Stock Up 1.0%

Shares of Invesco S&P MidCap 400 Revenue ETF stock traded up $1.47 on Thursday, hitting $148.53. The company’s stock had a trading volume of 35,307 shares, compared to its average volume of 20,948. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $115.34 and a 52-week high of $149.01. The firm has a fifty day moving average price of $142.65 and a 200-day moving average price of $136.35. The company has a market capitalization of $1.31 billion, a P/E ratio of 14.05 and a beta of 1.06.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.