Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Sees Large Increase in Short Interest

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 105,101 shares, a growth of 82.2% from the September 15th total of 57,696 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 104,404 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in RWJ. NewEdge Advisors LLC grew its position in Invesco S&P SmallCap 600 Revenue ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 42,278 shares of the company’s stock worth $2,134,000 after acquiring an additional 188 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Invesco S&P SmallCap 600 Revenue ETF by 3.9% in the first quarter. Kestra Private Wealth Services LLC now owns 5,575 shares of the company’s stock valued at $281,000 after purchasing an additional 208 shares during the last quarter. MWA Asset Management raised its position in Invesco S&P SmallCap 600 Revenue ETF by 7.7% in the first quarter. MWA Asset Management now owns 5,856 shares of the company’s stock valued at $296,000 after purchasing an additional 420 shares during the last quarter. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P SmallCap 600 Revenue ETF during the third quarter valued at about $26,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Invesco S&P SmallCap 600 Revenue ETF by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 22,584 shares of the company’s stock valued at $1,140,000 after purchasing an additional 503 shares in the last quarter.

Invesco S&P SmallCap 600 Revenue ETF Trading Down 0.8%

NYSEARCA RWJ traded down $0.48 during trading on Friday, hitting $57.03. 243,512 shares of the company’s stock were exchanged, compared to its average volume of 91,435. The company has a market cap of $1.97 billion, a PE ratio of 13.17 and a beta of 1.10. Invesco S&P SmallCap 600 Revenue ETF has a fifty-two week low of $44.70 and a fifty-two week high of $62.86. The stock’s 50 day moving average price is $59.26 and its two-hundred day moving average price is $57.74.

About Invesco S&P SmallCap 600 Revenue ETF

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.