Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Update

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 123,700 shares, an increase of 115.6% from the August 15th total of 57,382 shares. Based on an average daily trading volume, of 85,375 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

Shares of NYSEARCA:RWJ traded up $0.10 during midday trading on Monday, reaching $59.67. 46,660 shares of the company’s stock were exchanged, compared to its average volume of 86,949. The company’s 50 day simple moving average is $60.84 and its two-hundred day simple moving average is $56.58. Invesco S&P SmallCap 600 Revenue ETF has a 12 month low of $44.70 and a 12 month high of $62.86. The firm has a market capitalization of $2.02 billion, a PE ratio of 13.17 and a beta of 1.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RWJ. NewEdge Advisors LLC raised its position in Invesco S&P SmallCap 600 Revenue ETF by 0.4% during the first quarter. NewEdge Advisors LLC now owns 42,278 shares of the company’s stock worth $2,134,000 after acquiring an additional 188 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 3.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 5,575 shares of the company’s stock worth $281,000 after buying an additional 208 shares during the period. Key Financial Inc grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 2.1% in the 4th quarter. Key Financial Inc now owns 10,934 shares of the company’s stock valued at $533,000 after buying an additional 228 shares during the last quarter. Aptus Capital Advisors LLC increased its position in Invesco S&P SmallCap 600 Revenue ETF by 13.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 2,599 shares of the company’s stock worth $126,000 after buying an additional 316 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Invesco S&P SmallCap 600 Revenue ETF by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,081 shares of the company’s stock worth $1,076,000 after buying an additional 328 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

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.