Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 21,802 shares, a drop of 63.8% from the July 15th total of 60,297 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 17,915 shares, the days-to-cover ratio is currently 1.2 days.
Invesco S&P MidCap 400 Revenue ETF Stock Performance
RWK traded up $0.11 during mid-day trading on Friday, reaching $152.20. 1,161 shares of the stock were exchanged, compared to its average volume of 20,484. The company has a 50 day moving average price of $146.88 and a two-hundred day moving average price of $139.07. Invesco S&P MidCap 400 Revenue ETF has a 1 year low of $118.54 and a 1 year high of $152.74. The stock has a market capitalization of $1.35 billion, a PE ratio of 14.05 and a beta of 1.06.
Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF
Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at $30,000. Greenline Wealth Management LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth about $67,000. Arax Advisory Partners purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the fourth quarter valued at approximately $108,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 3rd quarter valued at $109,000. Finally, Trust Co. of Vermont purchased a new position in Invesco S&P MidCap 400 Revenue ETF during the second quarter worth about $135,000.
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.
See Also
- Five stocks we like better than Invesco S&P MidCap 400 Revenue ETF
- CAVA Earnings: The Easiest Comp of the Year Meets a Tough Valuation
- Joint Operations: Curaleaf Makes a Play for Aurora Cannabis
- Cerebras Sells Off After Earnings: Is This a Market Disconnection?
- Is Lockheed Martin Gearing Up to Lead Defense Stocks?
Receive News & Ratings for Invesco S&P MidCap 400 Revenue ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P MidCap 400 Revenue ETF and related companies with MarketBeat.com's FREE daily email newsletter.
