Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,470 shares, a growth of 117.6% from the September 30th total of 3,892 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 11,286 shares, the days-to-cover ratio is presently 0.8 days.
Invesco S&P MidCap 400 Pure Value ETF Stock Down 0.1%
RFV traded down $0.11 during midday trading on Friday, hitting $147.91. 4,404 shares of the company were exchanged, compared to its average volume of 6,672. The firm’s 50 day moving average price is $146.93 and its 200-day moving average price is $141.22. Invesco S&P MidCap 400 Pure Value ETF has a 1-year low of $121.21 and a 1-year high of $153.30. The firm has a market capitalization of $341.67 million, a P/E ratio of 10.99 and a beta of 1.06.
Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Value ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in RFV. Carlson Financial Inc. purchased a new position in Invesco S&P MidCap 400 Pure Value ETF in the second quarter valued at approximately $209,000. Greenleaf Trust bought a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF during the third quarter worth $258,000. Fifth Third Securities Inc. bought a new position in Invesco S&P MidCap 400 Pure Value ETF during the third quarter worth about $277,000. Independent Financial Group LLC bought a new position in Invesco S&P MidCap 400 Pure Value ETF in the first quarter valued at $294,000. Finally, CoreCap Advisors LLC increased its position in Invesco S&P MidCap 400 Pure Value ETF by 3.5% during the 2nd quarter. CoreCap Advisors LLC now owns 2,281 shares of the company’s stock worth $326,000 after buying an additional 77 shares during the period.
About Invesco S&P MidCap 400 Pure Value ETF
The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.
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