Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Sees Significant Growth in Short Interest

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 18,037 shares, an increase of 37.0% from the January 15th total of 13,168 shares. Based on an average trading volume of 7,507 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 7,507 shares, the days-to-cover ratio is presently 2.4 days.

Invesco S&P SmallCap 600 Pure Value ETF Trading Up 1.2%

Shares of RZV traded up $1.53 during trading hours on Friday, reaching $133.62. The company had a trading volume of 8,598 shares, compared to its average volume of 10,333. Invesco S&P SmallCap 600 Pure Value ETF has a 12-month low of $81.43 and a 12-month high of $139.95. The firm has a 50 day simple moving average of $126.16 and a 200-day simple moving average of $119.77. The company has a market capitalization of $253.88 million, a price-to-earnings ratio of 10.81 and a beta of 1.20.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.9% during the 1st quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock worth $1,016,000 after acquiring an additional 195 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 4.8% during the first quarter. Goldman Sachs Group Inc. now owns 13,971 shares of the company’s stock worth $1,381,000 after purchasing an additional 637 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 1.6% during the second quarter. Stratos Wealth Partners LTD. now owns 7,908 shares of the company’s stock worth $829,000 after purchasing an additional 126 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Invesco S&P SmallCap 600 Pure Value ETF during the second quarter worth $201,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P SmallCap 600 Pure Value ETF by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,530 shares of the company’s stock worth $370,000 after purchasing an additional 271 shares in the last quarter.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.