Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Significant Decline in Short Interest

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 13,209 shares, a drop of 65.3% from the September 15th total of 38,014 shares. Based on an average daily trading volume, of 18,969 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in Invesco S&P MidCap 400 Revenue ETF in the 2nd quarter worth about $135,000. Essex Financial Services Inc. purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the first quarter valued at approximately $202,000. First Financial Corp IN purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the third quarter valued at approximately $223,000. Fifth Third Bancorp purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the first quarter valued at approximately $377,000. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Invesco S&P MidCap 400 Revenue ETF by 27.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 2,949 shares of the company’s stock valued at $378,000 after buying an additional 636 shares during the period.

Invesco S&P MidCap 400 Revenue ETF Stock Down 0.8%

NYSEARCA RWK traded down $1.18 during trading hours on Wednesday, hitting $141.60. 11,530 shares of the company were exchanged, compared to its average volume of 20,562. The stock has a 50-day moving average price of $145.93 and a 200 day moving average price of $142.84. Invesco S&P MidCap 400 Revenue ETF has a 52 week low of $118.54 and a 52 week high of $152.74. The stock has a market cap of $1.28 billion, a PE ratio of 14.05 and a beta of 1.07.

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.