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

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 60,297 shares, an increase of 242.3% from the June 30th total of 17,614 shares. Based on an average trading volume of 16,303 shares, the short-interest ratio is currently 3.7 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of Invesco S&P MidCap 400 Revenue ETF

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

Invesco S&P MidCap 400 Revenue ETF Price Performance

RWK stock traded up $1.56 during midday trading on Tuesday, reaching $150.25. 8,101 shares of the company were exchanged, compared to its average volume of 20,572. The business has a 50-day moving average price of $144.17 and a two-hundred day moving average price of $137.43. Invesco S&P MidCap 400 Revenue ETF has a one year low of $115.34 and a one year high of $150.43. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.05 and a beta of 1.06.

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.