Short Interest in Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Rises By 57.7%

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 211,700 shares, an increase of 57.7% from the May 14th total of 134,256 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 211,916 shares, the days-to-cover ratio is currently 1.0 days.

Invesco S&P 500 Revenue ETF Stock Down 0.2%

Shares of NYSEARCA RWL traded down $0.31 during trading hours on Wednesday, hitting $129.01. 132,327 shares of the stock were exchanged, compared to its average volume of 263,477. The company has a market cap of $9.13 billion, a PE ratio of 18.14 and a beta of 0.86. The firm has a fifty day moving average price of $124.04 and a 200-day moving average price of $119.48. Invesco S&P 500 Revenue ETF has a 12 month low of $101.18 and a 12 month high of $130.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GoalVest Advisory LLC raised its stake in shares of 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 in the last quarter. Capital Investment Advisory Services LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $26,000. SWAN Capital LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the 4th quarter worth approximately $30,000. Aptus Capital Advisors LLC raised its stake in shares of 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 in the last quarter. Finally, Tortoise Investment Management LLC bought a new position in shares of Invesco S&P 500 Revenue ETF during the 3rd quarter worth approximately $39,000.

About Invesco S&P 500 Revenue ETF

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.