Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Short Interest Update

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 21,802 shares, a decrease of 63.8% from the July 15th total of 60,297 shares. Based on an average daily volume of 17,915 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RWK. Royal Bank of Canada boosted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 0.6% in the 1st quarter. Royal Bank of Canada now owns 69,722 shares of the company’s stock valued at $7,522,000 after purchasing an additional 442 shares in the last quarter. Jane Street Group LLC increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 418.0% during the 1st quarter. Jane Street Group LLC now owns 9,791 shares of the company’s stock worth $1,056,000 after purchasing an additional 7,901 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco S&P MidCap 400 Revenue ETF by 14.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,631 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,327 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 12.9% during the 2nd quarter. NewEdge Advisors LLC now owns 11,909 shares of the company’s stock valued at $1,392,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Invesco S&P MidCap 400 Revenue ETF by 11.1% during the 2nd quarter. Raymond James Financial Inc. now owns 126,366 shares of the company’s stock valued at $14,771,000 after purchasing an additional 12,639 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of Invesco S&P MidCap 400 Revenue ETF stock traded up $0.21 during midday trading on Friday, hitting $152.30. 17,838 shares of the company were exchanged, compared to its average volume of 20,594. The firm has a market cap of $1.35 billion, a P/E ratio of 14.05 and a beta of 1.06. Invesco S&P MidCap 400 Revenue ETF has a 52 week low of $118.54 and a 52 week high of $152.74. The firm has a 50 day simple moving average of $147.10 and a 200-day simple moving average of $139.16.

About Invesco S&P MidCap 400 Revenue ETF

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.