Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Significant Drop in Short Interest

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 17,614 shares, a decline of 40.4% from the June 15th total of 29,544 shares. Based on an average trading volume of 16,222 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

Large investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% during the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after buying an additional 64,763 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 446.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after acquiring an additional 538,536 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P MidCap 400 Revenue ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after acquiring an additional 18,274 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P MidCap 400 Revenue ETF by 455.6% during the third quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock worth $71,958,000 after acquiring an additional 472,081 shares during the last quarter. Finally, Fusion Family Wealth LLC lifted its position in Invesco S&P MidCap 400 Revenue ETF by 2.6% during the first quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock worth $70,733,000 after acquiring an additional 13,960 shares during the last quarter.

Invesco S&P MidCap 400 Revenue ETF Trading Down 0.8%

Shares of NYSEARCA RWK traded down $1.15 during mid-day trading on Friday, reaching $147.76. 13,261 shares of the company’s stock were exchanged, compared to its average volume of 21,012. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06. The business has a fifty day simple moving average of $142.84 and a 200 day simple moving average of $136.49. Invesco S&P MidCap 400 Revenue ETF has a twelve month low of $115.34 and a twelve month high of $149.27.

Invesco S&P MidCap 400 Revenue ETF Company Profile

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.