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

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 224,679 shares, a growth of 169.0% from the April 15th total of 83,535 shares. Based on an average daily volume of 215,373 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 Up 0.4%

Shares of NYSEARCA:RWL opened at $125.58 on Friday. The firm’s 50 day moving average price is $119.02 and its 200-day moving average price is $117.06. Invesco S&P 500 Revenue ETF has a twelve month low of $98.79 and a twelve month high of $125.92. The stock has a market capitalization of $8.89 billion, a PE ratio of 18.14 and a beta of 0.86.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Several institutional investors have recently made changes to their positions in the business. KMG Fiduciary Partners LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 1.0% in the 4th quarter. KMG Fiduciary Partners LLC now owns 9,101 shares of the company’s stock worth $1,042,000 after purchasing an additional 90 shares during the period. Stephens Inc. AR lifted its stake in shares of Invesco S&P 500 Revenue ETF by 4.4% in the 4th quarter. Stephens Inc. AR now owns 2,232 shares of the company’s stock worth $256,000 after purchasing an additional 94 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 1.0% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 10,775 shares of the company’s stock worth $1,234,000 after purchasing an additional 103 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Invesco S&P 500 Revenue ETF by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 760 shares of the company’s stock worth $87,000 after purchasing an additional 115 shares during the period. Finally, Savant Capital LLC lifted its stake in shares of Invesco S&P 500 Revenue ETF by 3.0% in the 4th quarter. Savant Capital LLC now owns 4,315 shares of the company’s stock worth $494,000 after purchasing an additional 124 shares during the period.

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.