Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Large Growth in Short Interest

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 224,679 shares, an increase of 169.0% from the April 15th total of 83,535 shares. Based on an average trading volume of 215,373 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RWL. GoalVest Advisory LLC raised its stake in Invesco S&P 500 Revenue ETF by 355.1% during the 4th quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $26,000. SWAN Capital LLC bought a new stake in Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $30,000. Aptus Capital Advisors LLC raised its stake in Invesco S&P 500 Revenue ETF by 359.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock worth $38,000 after acquiring an additional 259 shares during the period. Finally, Tortoise Investment Management LLC bought a new stake in Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $39,000.

Invesco S&P 500 Revenue ETF Trading Up 0.4%

NYSEARCA RWL opened at $125.58 on Friday. Invesco S&P 500 Revenue ETF has a 12 month low of $98.79 and a 12 month high of $125.92. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The company’s 50 day moving average is $119.02 and its two-hundred day moving average is $117.06.

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.