Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Shares Shorted: Short Interest Down 53.4% in September

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 57,696 shares, a drop of 53.4% from the August 31st total of 123,700 shares. Based on an average trading volume of 100,102 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Revenue ETF

A number of institutional investors have recently added to or reduced their stakes in RWJ. Integrated Wealth Concepts LLC increased its stake in Invesco S&P SmallCap 600 Revenue ETF by 32.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,757 shares of the company’s stock valued at $521,000 after buying an additional 2,147 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 7.7% during the second quarter. NewEdge Advisors LLC now owns 47,471 shares of the company’s stock worth $2,825,000 after acquiring an additional 3,381 shares during the period. Hudock Inc. purchased a new position in Invesco S&P SmallCap 600 Revenue ETF in the second quarter worth $209,000. Waverly Advisors LLC purchased a new position in Invesco S&P SmallCap 600 Revenue ETF in the second quarter worth $391,000. Finally, Citadel Advisors LLC bought a new position in Invesco S&P SmallCap 600 Revenue ETF in the 2nd quarter valued at $1,756,000.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

RWJ traded down $0.16 during mid-day trading on Tuesday, reaching $56.71. 116,328 shares of the stock were exchanged, compared to its average volume of 88,354. Invesco S&P SmallCap 600 Revenue ETF has a 1 year low of $44.70 and a 1 year high of $62.86. The stock has a market capitalization of $1.95 billion, a PE ratio of 13.17 and a beta of 1.07. The company has a 50 day moving average price of $60.46 and a two-hundred day moving average price of $57.07.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.