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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 40,180 shares, an increase of 210.6% from the October 15th total of 12,937 shares. Based on an average daily trading volume, of 20,195 shares, the short-interest ratio is currently 2.0 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RWK. Commonwealth Equity Services LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF during the third quarter worth $14,809,000. Kestra Advisory Services LLC raised its position in Invesco S&P MidCap 400 Revenue ETF by 27.7% in the first quarter. Kestra Advisory Services LLC now owns 23,060 shares of the company’s stock valued at $2,958,000 after purchasing an additional 5,005 shares during the period. Independent Wealth Network Inc. raised its position in Invesco S&P MidCap 400 Revenue ETF by 263.2% in the third quarter. Independent Wealth Network Inc. now owns 13,612 shares of the company’s stock valued at $1,884,000 after purchasing an additional 9,864 shares during the period. Bank of America Corp DE raised its position in Invesco S&P MidCap 400 Revenue ETF by 16.9% in the first quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after purchasing an additional 47,267 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at $14,963,000.

Invesco S&P MidCap 400 Revenue ETF Stock Down 1.2%

Shares of Invesco S&P MidCap 400 Revenue ETF stock traded down $1.74 during mid-day trading on Thursday, hitting $147.19. The stock had a trading volume of 17,737 shares, compared to its average volume of 21,115. The firm has a 50-day moving average of $143.93 and a two-hundred day moving average of $140.94. The firm has a market cap of $1.35 billion, a P/E ratio of 15.31 and a beta of 1.08. Invesco S&P MidCap 400 Revenue ETF has a 12-month low of $118.54 and a 12-month high of $152.74.

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.