Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Large Drop in Short Interest

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 105,467 shares, a decline of 53.7% from the June 30th total of 227,896 shares. Based on an average trading volume of 122,959 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

Invesco S&P 500 Pure Value ETF Trading Up 1.4%

NYSEARCA:RPV traded up $1.71 during trading hours on Tuesday, hitting $121.15. 123,746 shares of the company traded hands, compared to its average volume of 169,715. Invesco S&P 500 Pure Value ETF has a twelve month low of $90.30 and a twelve month high of $121.27. The firm has a 50-day moving average of $115.03 and a 200 day moving average of $111.20. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RPV. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter valued at about $31,000. MBM Wealth Consultants LLC acquired a new stake in Invesco S&P 500 Pure Value ETF during the first quarter worth about $36,000. Assetmark Inc. increased its stake in Invesco S&P 500 Pure Value ETF by 42.7% during the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock valued at $43,000 after acquiring an additional 125 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco S&P 500 Pure Value ETF in the 4th quarter valued at approximately $44,000. Finally, Ascentis Independent Advisors acquired a new position in Invesco S&P 500 Pure Value ETF in the 1st quarter valued at approximately $48,000.

Invesco S&P 500 Pure Value ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that is based on the S&P 500\u002FCitigroup Pure Value index. The fund tracks an index of primarily large-cap, committee-selected US stocks. The index covers about 33% of the S&P 500’s market cap, using three factors to select value stocks. RPV was launched on Mar 1, 2006 and is managed by Invesco.

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