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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 17,614 shares, a decline of 40.4% from the June 15th total of 29,544 shares. Based on an average daily trading volume, of 16,222 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are short sold.

Invesco S&P MidCap 400 Revenue ETF Stock Performance

Shares of NYSEARCA RWK opened at $147.80 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The business’s 50-day simple moving average is $143.00 and its 200-day simple moving average is $136.57. Invesco S&P MidCap 400 Revenue ETF has a 52 week low of $115.34 and a 52 week high of $149.27.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of institutional investors have recently modified their holdings of RWK. Vantagepoint Investment Advisers LLC boosted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 4.5% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 540,584 shares of the company’s stock valued at $68,362,000 after acquiring an additional 23,259 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in Invesco S&P MidCap 400 Revenue ETF during the fourth quarter worth $1,331,000. RFG Advisory LLC acquired a new position in Invesco S&P MidCap 400 Revenue ETF during the 1st quarter valued at $678,000. Patriot Financial Group Insurance Agency LLC raised its stake in Invesco S&P MidCap 400 Revenue ETF by 114.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock valued at $3,559,000 after purchasing an additional 14,802 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 164,309 shares of the company’s stock valued at $20,778,000 after purchasing an additional 5,214 shares during the period.

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.