Short Interest in Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Declines By 62.1%

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 49,559 shares, a drop of 62.1% from the April 15th total of 130,716 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 81,023 shares, the short-interest ratio is presently 0.6 days.

Invesco S&P SmallCap 600 Revenue ETF Stock Performance

Shares of NYSEARCA:RWJ traded up $0.36 during midday trading on Thursday, reaching $54.51. 39,053 shares of the company’s stock traded hands, compared to its average volume of 85,132. Invesco S&P SmallCap 600 Revenue ETF has a one year low of $40.23 and a one year high of $56.36. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 13.17 and a beta of 1.10. The stock has a 50 day moving average of $52.35 and a 200 day moving average of $51.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. MWA Asset Management grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 7.7% during the first quarter. MWA Asset Management now owns 5,856 shares of the company’s stock worth $296,000 after purchasing an additional 420 shares in the last quarter. Fortis Capital Management LLC grew its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 17.2% during the first quarter. Fortis Capital Management LLC now owns 54,208 shares of the company’s stock valued at $2,736,000 after purchasing an additional 7,961 shares in the last quarter. Pacific Sun Financial Corp lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.7% in the first quarter. Pacific Sun Financial Corp now owns 41,628 shares of the company’s stock worth $2,101,000 after buying an additional 1,104 shares in the last quarter. Aviance Capital Partners LLC bought a new position in Invesco S&P SmallCap 600 Revenue ETF during the first quarter valued at approximately $205,000. Finally, Independent Financial Group LLC bought a new stake in Invesco S&P SmallCap 600 Revenue ETF in the 1st quarter worth approximately $8,129,000.

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.