Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 5,303 shares, a decrease of 74.2% from the August 15th total of 20,529 shares. Based on an average daily trading volume, of 7,564 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF in the 4th quarter worth $33,000. Raymond James Financial Inc. bought a new stake in Invesco S&P SmallCap 600 Pure Value ETF during the second quarter valued at about $35,000. Cardiff Park Advisors LLC bought a new stake in Invesco S&P SmallCap 600 Pure Value ETF during the third quarter valued at about $77,000. Envestnet Asset Management Inc. purchased a new position in Invesco S&P SmallCap 600 Pure Value ETF in the second quarter valued at about $201,000. Finally, MML Investors Services LLC raised its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 6.3% in the fourth quarter. MML Investors Services LLC now owns 3,593 shares of the company’s stock worth $427,000 after purchasing an additional 214 shares in the last quarter.
Invesco S&P SmallCap 600 Pure Value ETF Trading Up 0.8%
Shares of Invesco S&P SmallCap 600 Pure Value ETF stock traded up $1.15 during trading on Friday, hitting $146.24. 4,990 shares of the stock traded hands, compared to its average volume of 7,507. The firm has a market cap of $291.02 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 stock’s fifty day simple moving average is $149.68 and its 200 day simple moving average is $139.54.
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.
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