Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Down 50.0% in August

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 168,584 shares, a decline of 50.0% from the July 30th total of 336,957 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 280,594 shares, the short-interest ratio is currently 0.6 days.

Invesco S&P 500 Revenue ETF Stock Up 0.2%

RWL traded up $0.25 on Friday, hitting $134.16. 184,776 shares of the company traded hands, compared to its average volume of 265,757. Invesco S&P 500 Revenue ETF has a 12-month low of $106.99 and a 12-month high of $135.71. The company has a 50 day moving average of $131.49 and a 200-day moving average of $125.01. The stock has a market capitalization of $9.86 billion, a PE ratio of 18.14 and a beta of 0.85.

Institutional Investors Weigh In On Invesco S&P 500 Revenue ETF

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Revenue ETF in the 1st quarter worth $683,000. Qube Research & Technologies Ltd raised its holdings in Invesco S&P 500 Revenue ETF by 36.8% during the second quarter. Qube Research & Technologies Ltd now owns 8,424 shares of the company’s stock worth $879,000 after purchasing an additional 2,267 shares in the last quarter. Bank of America Corp DE raised its holdings in Invesco S&P 500 Revenue ETF by 0.9% during the second quarter. Bank of America Corp DE now owns 2,011,138 shares of the company’s stock worth $209,742,000 after purchasing an additional 18,686 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in Invesco S&P 500 Revenue ETF by 1.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,628 shares of the company’s stock valued at $1,317,000 after purchasing an additional 125 shares during the period. Finally, MML Investors Services LLC lifted its position in Invesco S&P 500 Revenue ETF by 42.4% in the second quarter. MML Investors Services LLC now owns 181,317 shares of the company’s stock valued at $18,910,000 after purchasing an additional 53,968 shares during the period.

Invesco S&P 500 Revenue ETF Company Profile

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.