Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Short Interest Down 61.4% in May

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 475 shares, a drop of 61.4% from the April 30th total of 1,230 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,130 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P MidCap 400 Pure Value ETF Stock Down 0.5%

Shares of NYSEARCA:RFV traded down $0.72 during trading on Friday, reaching $140.73. 4,950 shares of the company traded hands, compared to its average volume of 7,350. The firm has a fifty day simple moving average of $135.26 and a 200 day simple moving average of $133.07. The firm has a market cap of $318.05 million, a P/E ratio of 10.99 and a beta of 1.07. Invesco S&P MidCap 400 Pure Value ETF has a 1-year low of $114.98 and a 1-year high of $142.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RFV. Royal Bank of Canada increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 10.4% during the 1st quarter. Royal Bank of Canada now owns 49,175 shares of the company’s stock worth $5,612,000 after purchasing an additional 4,630 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 393.7% during the 1st quarter. Jones Financial Companies Lllp now owns 8,679 shares of the company’s stock worth $990,000 after purchasing an additional 6,921 shares during the period. Creative Planning increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 4.7% during the 2nd quarter. Creative Planning now owns 3,764 shares of the company’s stock worth $455,000 after purchasing an additional 168 shares during the period. Advisory Services Network LLC increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 35.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,683 shares of the company’s stock worth $821,000 after purchasing an additional 1,744 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,985 shares of the company’s stock worth $1,537,000 after purchasing an additional 675 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.