Short Interest in Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Declines By 41.0%

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 60,652 shares, a decline of 41.0% from the July 15th total of 102,881 shares. Based on an average daily trading volume, of 86,922 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 27.2% during the first quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock worth $5,002,000 after buying an additional 26,302 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 29.3% in the first quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock valued at $1,753,000 after buying an additional 9,751 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Invesco S&P SmallCap 600 Revenue ETF by 9.4% during the 2nd quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock valued at $606,000 after acquiring an additional 1,200 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock worth $1,669,000 after acquiring an additional 4,998 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 4.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock worth $1,337,000 after acquiring an additional 1,307 shares during the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

Shares of RWJ stock opened at $62.29 on Monday. The stock has a 50-day simple moving average of $59.90 and a 200 day simple moving average of $55.52. Invesco S&P SmallCap 600 Revenue ETF has a fifty-two week low of $44.70 and a fifty-two week high of $62.86. The stock has a market capitalization of $2.11 billion, a P/E ratio of 13.17 and a beta of 1.08.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.