Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,470 shares, an increase of 117.6% from the September 30th total of 3,892 shares. Based on an average trading volume of 11,286 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Value ETF

Several institutional investors have recently made changes to their positions in RFV. Saxony Capital Management LLC bought a new stake in Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter valued at about $1,611,000. Royal Bank of Canada raised its position in Invesco S&P MidCap 400 Pure Value ETF by 15.2% in the first quarter. Royal Bank of Canada now owns 71,480 shares of the company’s stock worth $9,290,000 after acquiring an additional 9,443 shares during the period. Focus Financial Network Inc. bought a new position in Invesco S&P MidCap 400 Pure Value ETF in the second quarter worth approximately $788,000. Integrity Alliance LLC. purchased a new position in shares of Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter worth $416,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 159.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,683 shares of the company’s stock worth $609,000 after acquiring an additional 2,877 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of NYSEARCA:RFV traded down $0.11 on Friday, hitting $147.91. The stock had a trading volume of 4,404 shares, compared to its average volume of 6,672. The firm’s 50 day moving average price is $146.93 and its 200-day moving average price is $141.22. Invesco S&P MidCap 400 Pure Value ETF has a twelve month low of $121.21 and a twelve month high of $153.30. The company has a market capitalization of $341.67 million, a price-to-earnings ratio of 10.99 and a beta of 1.06.

About Invesco S&P MidCap 400 Pure Value ETF

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.