Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Large Increase in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 6,994 shares, a growth of 134.9% from the June 30th total of 2,978 shares. Based on an average daily volume of 6,283 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of Invesco S&P MidCap 400 Pure Value ETF stock traded down $0.13 during midday trading on Thursday, hitting $149.85. The company had a trading volume of 2,083 shares, compared to its average volume of 6,753. The company has a 50 day moving average of $144.05 and a 200 day moving average of $137.88. The stock has a market capitalization of $335.66 million, a P/E ratio of 10.99 and a beta of 1.05. Invesco S&P MidCap 400 Pure Value ETF has a 52-week low of $118.44 and a 52-week high of $150.67.

Institutional Trading of Invesco S&P MidCap 400 Pure Value ETF

Several large investors have recently modified their holdings of RFV. Golden State Wealth Management LLC increased its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the 4th quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock worth $102,000 after purchasing an additional 783 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the 3rd quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock worth $105,000 after acquiring an additional 519 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Invesco S&P MidCap 400 Pure Value ETF by 71.0% in the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock worth $137,000 after buying an additional 445 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Value ETF during the fourth quarter valued at approximately $169,000. Finally, Geneos Wealth Management Inc. raised its stake in Invesco S&P MidCap 400 Pure Value ETF by 1,841.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,806 shares of the company’s stock valued at $231,000 after buying an additional 1,713 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.