Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Down 49.1% in May

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 25,221 shares, a decrease of 49.1% from the April 30th total of 49,559 shares. Based on an average trading volume of 65,235 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

NYSEARCA:RWJ traded up $0.28 during midday trading on Monday, hitting $56.61. The company’s stock had a trading volume of 59,750 shares, compared to its average volume of 85,715. Invesco S&P SmallCap 600 Revenue ETF has a fifty-two week low of $40.68 and a fifty-two week high of $56.78. The firm’s 50 day moving average is $53.47 and its 200-day moving average is $51.62. The firm has a market cap of $1.85 billion, a P/E ratio of 13.17 and a beta of 1.10.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RWJ. Royal Bank of Canada increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 27.2% in the 1st quarter. Royal Bank of Canada now owns 122,906 shares of the company’s stock worth $5,002,000 after buying an additional 26,302 shares during the period. Jane Street Group LLC increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 29.3% in the 1st quarter. Jane Street Group LLC now owns 43,073 shares of the company’s stock worth $1,753,000 after buying an additional 9,751 shares during the period. Brown Advisory Inc. increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 9.4% in the 2nd quarter. Brown Advisory Inc. now owns 14,001 shares of the company’s stock worth $606,000 after buying an additional 1,200 shares during the period. NewEdge Advisors LLC increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 38,555 shares of the company’s stock worth $1,669,000 after buying an additional 4,998 shares during the period. Finally, Ausdal Financial Partners Inc. increased its holdings in Invesco S&P SmallCap 600 Revenue ETF by 4.4% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,891 shares of the company’s stock worth $1,337,000 after buying an additional 1,307 shares during the period.

Invesco S&P SmallCap 600 Revenue ETF Company Profile

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.