Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 40,180 shares, an increase of 210.6% from the October 15th total of 12,937 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 20,195 shares, the short-interest ratio is currently 2.0 days.
Invesco S&P MidCap 400 Revenue ETF Trading Down 1.2%
NYSEARCA RWK traded down $1.74 during trading hours on Thursday, reaching $147.19. The company had a trading volume of 17,737 shares, compared to its average volume of 21,115. The stock has a 50-day moving average of $143.93 and a 200 day moving average of $140.94. Invesco S&P MidCap 400 Revenue ETF has a 1-year low of $118.54 and a 1-year high of $152.74. The stock has a market capitalization of $1.35 billion, a P/E ratio of 15.31 and a beta of 1.08.
Institutional Investors Weigh In On Invesco S&P MidCap 400 Revenue ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Heritage Family Offices LLP purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at approximately $27,000. Trust Co. of Vermont acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 2nd quarter worth approximately $135,000. First Financial Corp IN purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth approximately $223,000. Burke & Herbert Bank & Trust Co. purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter worth approximately $261,000. Finally, Fifth Third Bancorp purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 1st quarter worth approximately $377,000.
About Invesco S&P MidCap 400 Revenue ETF
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.
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