Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Growth in Short Interest

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 102,881 shares, an increase of 77.0% from the June 30th total of 58,139 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 92,730 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RWJ. Independent Financial Group LLC bought a new position in shares of Invesco S&P SmallCap 600 Revenue ETF in the 1st quarter worth about $8,129,000. Raymond James Financial Inc. boosted its stake in Invesco S&P SmallCap 600 Revenue ETF by 20.8% during the third quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after acquiring an additional 134,756 shares in the last quarter. Morgan Stanley grew its holdings in Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after purchasing an additional 124,135 shares during the period. Bank of America Corp DE grew its holdings in Invesco S&P SmallCap 600 Revenue ETF by 8.4% in the first quarter. Bank of America Corp DE now owns 1,339,599 shares of the company’s stock worth $67,623,000 after purchasing an additional 104,300 shares during the period. Finally, Focus Partners Wealth grew its holdings in Invesco S&P SmallCap 600 Revenue ETF by 16.0% in the fourth quarter. Focus Partners Wealth now owns 525,416 shares of the company’s stock worth $25,598,000 after purchasing an additional 72,377 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Trading Down 0.8%

RWJ traded down $0.50 during trading on Thursday, reaching $61.02. The stock had a trading volume of 65,277 shares, compared to its average volume of 86,878. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.17 and a beta of 1.07. The stock’s 50 day moving average is $58.54 and its two-hundred day moving average is $54.72. Invesco S&P SmallCap 600 Revenue ETF has a one year low of $42.51 and a one year high of $62.38.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.