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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 60,297 shares, a growth of 242.3% from the June 30th total of 17,614 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 16,303 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 446.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock worth $83,342,000 after purchasing an additional 538,536 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Invesco S&P MidCap 400 Revenue ETF by 455.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after acquiring an additional 472,081 shares during the last quarter. Bleakley Financial Group LLC grew its position in Invesco S&P MidCap 400 Revenue ETF by 914.2% in the first quarter. Bleakley Financial Group LLC now owns 205,423 shares of the company’s stock valued at $26,348,000 after purchasing an additional 185,169 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P MidCap 400 Revenue ETF by 44.3% in the 3rd quarter. Bank of America Corp DE now owns 253,339 shares of the company’s stock valued at $31,670,000 after acquiring an additional 77,834 shares in the last quarter. Finally, Morgan Stanley grew its stake in Invesco S&P MidCap 400 Revenue ETF by 7.4% in the fourth quarter. Morgan Stanley now owns 938,017 shares of the company’s stock valued at $118,622,000 after purchasing an additional 64,763 shares in the last quarter.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of NYSEARCA RWK traded up $1.87 during mid-day trading on Friday, hitting $147.35. The company’s stock had a trading volume of 13,000 shares, compared to its average volume of 20,691. Invesco S&P MidCap 400 Revenue ETF has a one year low of $115.34 and a one year high of $149.27. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The company’s fifty day simple moving average is $143.92 and its 200-day simple moving average is $137.26.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.