Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 29,544 shares, an increase of 361.3% from the May 31st total of 6,404 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 16,030 shares, the days-to-cover ratio is currently 1.8 days.
Invesco S&P MidCap 400 Revenue ETF Stock Up 0.2%
RWK stock traded up $0.25 during midday trading on Friday, hitting $145.91. The company’s stock had a trading volume of 10,576 shares, compared to its average volume of 21,310. The firm has a 50-day simple moving average of $140.81 and a 200-day simple moving average of $134.73. The firm has a market capitalization of $1.27 billion, a P/E ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $115.34 and a 52-week high of $148.24.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new stake in Invesco S&P MidCap 400 Revenue ETF in the fourth quarter valued at $30,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth about $65,000. Greenline Wealth Management LLC acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth about $67,000. MAI Capital Management purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at about $87,000. Finally, Arax Advisory Partners purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 4th quarter valued at about $108,000.
Invesco S&P MidCap 400 Revenue ETF Company Profile
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.
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