Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Significant Growth in Short Interest

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 211,700 shares, a growth of 57.7% from the May 14th total of 134,256 shares. Based on an average trading volume of 211,916 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are sold short.

Invesco S&P 500 Revenue ETF Stock Down 0.0%

RWL traded down $0.02 during trading on Tuesday, hitting $129.45. The company’s stock had a trading volume of 261,463 shares, compared to its average volume of 263,757. Invesco S&P 500 Revenue ETF has a one year low of $101.18 and a one year high of $130.00. The firm has a market cap of $9.17 billion, a PE ratio of 18.14 and a beta of 0.86. The business’s 50 day simple moving average is $123.77 and its 200-day simple moving average is $119.37.

Institutional Trading of Invesco S&P 500 Revenue ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC increased its stake in shares of Invesco S&P 500 Revenue ETF by 355.1% in the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the fourth quarter worth $26,000. SWAN Capital LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the fourth quarter worth $30,000. Aptus Capital Advisors LLC increased its stake in shares of Invesco S&P 500 Revenue ETF by 359.7% in the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Revenue ETF in the third quarter worth $39,000.

About Invesco S&P 500 Revenue ETF

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.