Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 21,802 shares, a decline of 63.8% from the July 15th total of 60,297 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 17,915 shares, the short-interest ratio is presently 1.2 days.
Invesco S&P MidCap 400 Revenue ETF Stock Up 0.1%
Shares of Invesco S&P MidCap 400 Revenue ETF stock traded up $0.11 during trading on Friday, hitting $152.20. 1,161 shares of the stock traded hands, compared to its average volume of 20,484. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. Invesco S&P MidCap 400 Revenue ETF has a 52 week low of $118.54 and a 52 week high of $152.74. The firm’s fifty day moving average is $146.88 and its 200-day moving average is $139.07.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in RWK. Farther Finance Advisors LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth $30,000. Greenline Wealth Management LLC bought a new stake in Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at approximately $67,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at approximately $108,000. Sunbelt Securities Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter worth about $109,000. Finally, Trust Co. of Vermont purchased a new stake in Invesco S&P MidCap 400 Revenue ETF in the second quarter worth about $135,000.
Invesco S&P MidCap 400 Revenue ETF Company Profile
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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