Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,305 shares, a drop of 43.8% from the April 30th total of 5,879 shares. Based on an average trading volume of 5,824 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC raised its position in Invesco S&P SmallCap 600 Pure Value ETF by 17.2% in the third quarter. Wealthcare Advisory Partners LLC now owns 72,883 shares of the company’s stock worth $8,603,000 after acquiring an additional 10,708 shares during the period. IMC Chicago LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter valued at $5,152,000. Fortis Group Advisors LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter valued at $1,166,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 310.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock valued at $2,151,000 after purchasing an additional 13,679 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 2nd quarter valued at $201,000.
Invesco S&P SmallCap 600 Pure Value ETF Stock Up 0.9%
RZV traded up $1.20 during trading on Tuesday, hitting $140.94. The company’s stock had a trading volume of 2,626 shares, compared to its average volume of 7,693. Invesco S&P SmallCap 600 Pure Value ETF has a one year low of $98.27 and a one year high of $141.62. The firm has a market cap of $273.42 million, a PE ratio of 10.81 and a beta of 1.11. The business’s 50 day simple moving average is $132.09 and its 200-day simple moving average is $127.44.
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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