Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 49,559 shares, a decline of 62.1% from the April 15th total of 130,716 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 81,023 shares, the days-to-cover ratio is presently 0.6 days.
Invesco S&P SmallCap 600 Revenue ETF Stock Performance
NYSEARCA RWJ traded up $0.36 on Thursday, hitting $54.51. 39,053 shares of the stock were exchanged, compared to its average volume of 85,132. Invesco S&P SmallCap 600 Revenue ETF has a 52-week low of $40.23 and a 52-week high of $56.36. The firm has a market capitalization of $1.78 billion, a P/E ratio of 13.17 and a beta of 1.10. The stock has a fifty day moving average price of $52.35 and a two-hundred day moving average price of $51.02.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Morgan Stanley raised its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 5.9% in the fourth quarter. Morgan Stanley now owns 2,214,246 shares of the company’s stock worth $107,878,000 after buying an additional 124,135 shares during the period. Fusion Family Wealth LLC grew its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 1.4% in the first quarter. Fusion Family Wealth LLC now owns 1,498,972 shares of the company’s stock worth $75,668,000 after purchasing an additional 20,971 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco S&P SmallCap 600 Revenue ETF by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 1,203,187 shares of the company’s stock worth $58,114,000 after buying an additional 12,956 shares during the period. UBS Group AG boosted its position in Invesco S&P SmallCap 600 Revenue ETF by 0.9% in the 3rd quarter. UBS Group AG now owns 816,789 shares of the company’s stock valued at $39,451,000 after buying an additional 7,522 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Invesco S&P SmallCap 600 Revenue ETF by 20.8% in the 3rd quarter. Raymond James Financial Inc. now owns 781,748 shares of the company’s stock worth $37,758,000 after acquiring an additional 134,756 shares in the last quarter.
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.
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