Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK – Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 13,209 shares, a drop of 65.3% from the September 15th total of 38,014 shares. Based on an average daily volume of 18,969 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of Invesco S&P MidCap 400 Revenue ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter worth approximately $1,331,000. RFG Advisory LLC bought a new position in Invesco S&P MidCap 400 Revenue ETF in the 1st quarter worth approximately $678,000. Kestra Advisory Services LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 27.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,060 shares of the company’s stock worth $2,958,000 after buying an additional 5,005 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 114.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 27,750 shares of the company’s stock worth $3,559,000 after buying an additional 14,802 shares during the period. Finally, Bank of America Corp DE grew its stake in Invesco S&P MidCap 400 Revenue ETF by 16.9% in the 1st quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock valued at $41,831,000 after buying an additional 47,267 shares in the last quarter.
Invesco S&P MidCap 400 Revenue ETF Stock Up 0.2%
RWK stock traded up $0.24 during trading on Monday, reaching $141.90. The stock had a trading volume of 6,085 shares, compared to its average volume of 20,618. Invesco S&P MidCap 400 Revenue ETF has a one year low of $118.54 and a one year high of $152.74. The company’s 50 day moving average is $146.28 and its two-hundred day moving average is $142.64. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07.
About Invesco S&P MidCap 400 Revenue ETF
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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