Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Short Interest Up 37.0% in January

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 18,037 shares, an increase of 37.0% from the January 15th total of 13,168 shares. Based on an average daily volume of 7,507 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.9% of the company’s stock are short sold. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 7,507 shares, the days-to-cover ratio is presently 2.4 days.

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

A number of hedge funds have recently bought and sold shares of RZV. Global Retirement Partners LLC increased its stake in Invesco S&P SmallCap 600 Pure Value ETF by 729.4% during the 3rd quarter. Global Retirement Partners LLC now owns 282 shares of the company’s stock valued at $33,000 after purchasing an additional 248 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the fourth quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the second quarter valued at approximately $35,000. Jackson Hole Capital Partners LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the third quarter valued at approximately $54,000. Finally, Cardiff Park Advisors LLC purchased a new position in Invesco S&P SmallCap 600 Pure Value ETF in the 3rd quarter worth approximately $77,000.

Invesco S&P SmallCap 600 Pure Value ETF Trading Up 1.2%

NYSEARCA:RZV traded up $1.53 during trading hours on Monday, reaching $133.62. 8,598 shares of the company traded hands, compared to its average volume of 10,333. The business’s 50-day moving average price is $126.42 and its two-hundred day moving average price is $120.05. Invesco S&P SmallCap 600 Pure Value ETF has a 1 year low of $81.43 and a 1 year high of $139.95. The stock has a market capitalization of $253.88 million, a P/E ratio of 10.81 and a beta of 1.20.

About Invesco S&P SmallCap 600 Pure Value ETF

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.