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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 175,691 shares, a growth of 85.8% from the September 30th total of 94,562 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 286,460 shares, the short-interest ratio is currently 0.6 days.

Invesco S&P 500 Pure Value ETF Trading Up 0.1%

Invesco S&P 500 Pure Value ETF stock opened at $121.94 on Tuesday. Invesco S&P 500 Pure Value ETF has a 12 month low of $96.95 and a 12 month high of $123.43. The stock’s 50 day simple moving average is $119.69 and its two-hundred day simple moving average is $114.36. The firm has a market cap of $1.76 billion, a PE ratio of 13.00 and a beta of 0.84.

Institutional Trading of Invesco S&P 500 Pure Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of RPV. Assetmark Inc. lifted its stake in Invesco S&P 500 Pure Value ETF by 169,496.2% during the first quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock worth $76,130,000 after purchasing an additional 708,494 shares in the last quarter. ACR Alpine Capital Research LLC purchased a new position in shares of Invesco S&P 500 Pure Value ETF during the third quarter worth $28,808,000. Fidelity D & D Bancorp Inc. grew its stake in shares of Invesco S&P 500 Pure Value ETF by 9.0% in the first quarter. Fidelity D & D Bancorp Inc. now owns 195,694 shares of the company’s stock valued at $21,016,000 after buying an additional 16,163 shares in the last quarter. Peak Financial Management Inc. acquired a new stake in shares of Invesco S&P 500 Pure Value ETF in the third quarter valued at $12,294,000. Finally, Trinity Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Pure Value ETF in the third quarter valued at $8,957,000.

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.