Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Large Decrease in Short Interest

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 105,467 shares, a decline of 53.7% from the June 30th total of 227,896 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 122,959 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Invesco S&P 500 Pure Value ETF

Large investors have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Pure Value ETF during the 4th quarter valued at about $31,000. MBM Wealth Consultants LLC bought a new stake in Invesco S&P 500 Pure Value ETF during the first quarter worth about $36,000. Assetmark Inc. increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 42.7% during the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after buying an additional 125 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter valued at approximately $44,000. Finally, Ascentis Independent Advisors bought a new position in shares of Invesco S&P 500 Pure Value ETF in the first quarter valued at approximately $48,000.

Invesco S&P 500 Pure Value ETF Stock Down 1.0%

NYSEARCA:RPV traded down $1.17 during trading hours on Wednesday, reaching $119.98. The company had a trading volume of 111,329 shares, compared to its average volume of 169,307. The stock has a 50-day moving average of $115.23 and a two-hundred day moving average of $111.31. Invesco S&P 500 Pure Value ETF has a one year low of $90.30 and a one year high of $121.27. The firm has a market capitalization of $1.63 billion, a PE ratio of 13.00 and a beta of 0.82.

Invesco S&P 500 Pure Value ETF Company Profile

The Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that is based on the S&P 500\u002FCitigroup Pure Value index. The fund tracks an index of primarily large-cap, committee-selected US stocks. The index covers about 33% of the S&P 500’s market cap, using three factors to select value stocks. RPV was launched on Mar 1, 2006 and is managed by Invesco.