Short Interest in Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Declines By 74.2%

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,303 shares, a drop of 74.2% from the August 15th total of 20,529 shares. Based on an average daily volume of 7,564 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Invesco S&P SmallCap 600 Pure Value ETF Stock Performance

Shares of Invesco S&P SmallCap 600 Pure Value ETF stock traded down $0.26 on Monday, reaching $145.98. 1,546 shares of the company’s stock were exchanged, compared to its average volume of 7,473. The company has a market capitalization of $290.50 million, a P/E ratio of 10.81 and a beta of 1.09. Invesco S&P SmallCap 600 Pure Value ETF has a 52 week low of $109.88 and a 52 week high of $153.79. The firm’s 50-day moving average is $149.68 and its two-hundred day moving average is $139.61.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Large investors have recently bought and sold shares of the stock. Armbruster Capital Management Inc. raised its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 0.3% during the first quarter. Armbruster Capital Management Inc. now owns 66,103 shares of the company’s stock valued at $8,223,000 after purchasing an additional 181 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 0.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 52,341 shares of the company’s stock valued at $7,802,000 after buying an additional 478 shares during the period. Theory Financial LLC increased its position in Invesco S&P SmallCap 600 Pure Value ETF by 33.4% in the 1st quarter. Theory Financial LLC now owns 37,781 shares of the company’s stock valued at $4,700,000 after buying an additional 9,462 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P SmallCap 600 Pure Value ETF by 310.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock valued at $2,151,000 after buying an additional 13,679 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC raised its stake in Invesco S&P SmallCap 600 Pure Value ETF by 6.1% during the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 16,764 shares of the company’s stock worth $2,499,000 after buying an additional 970 shares during the period.

About Invesco S&P SmallCap 600 Pure Value ETF

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.