Short Interest in Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Declines By 18.5%

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,867 shares, a decrease of 18.5% from the February 26th total of 2,290 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 9,045 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RFV. Golden State Wealth Management LLC increased its stake in Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% during the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock worth $102,000 after acquiring an additional 783 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the 3rd quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after purchasing an additional 519 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 71.0% in the 3rd quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock valued at $137,000 after purchasing an additional 445 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 15.7% in the 3rd quarter. CoreCap Advisors LLC now owns 1,311 shares of the company’s stock worth $168,000 after purchasing an additional 178 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 Pure Value ETF in the 4th quarter worth approximately $169,000.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

RFV stock traded up $1.57 during trading on Tuesday, hitting $129.00. 2,546 shares of the company’s stock traded hands, compared to its average volume of 8,443. Invesco S&P MidCap 400 Pure Value ETF has a 52 week low of $96.78 and a 52 week high of $142.77. The stock has a market capitalization of $299.28 million, a price-to-earnings ratio of 10.99 and a beta of 1.16. The business has a fifty day simple moving average of $133.49 and a 200 day simple moving average of $130.45.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

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.