Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Sees Large Increase in Short Interest

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 13,168 shares, an increase of 1,031.3% from the December 31st total of 1,164 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 12,969 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 12,969 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Several hedge funds have recently made changes to their positions in RZV. Innova Wealth Partners raised its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.2% during the fourth quarter. Innova Wealth Partners now owns 7,820 shares of the company’s stock valued at $930,000 after purchasing an additional 91 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 1.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,908 shares of the company’s stock worth $829,000 after buying an additional 126 shares in the last quarter. CWM LLC boosted its position in Invesco S&P SmallCap 600 Pure Value ETF by 9.6% in the 4th quarter. CWM LLC now owns 2,047 shares of the company’s stock valued at $243,000 after buying an additional 180 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.9% during the first quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock valued at $1,016,000 after acquiring an additional 195 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 729.4% during the third quarter. Global Retirement Partners LLC now owns 282 shares of the company’s stock valued at $33,000 after acquiring an additional 248 shares in the last quarter.

Invesco S&P SmallCap 600 Pure Value ETF Trading Up 0.9%

Shares of NYSEARCA RZV traded up $1.20 during midday trading on Thursday, reaching $128.17. 4,963 shares of the stock were exchanged, compared to its average volume of 10,610. The stock has a 50 day moving average price of $122.77 and a 200-day moving average price of $117.79. The company has a market capitalization of $239.68 million, a P/E ratio of 10.81 and a beta of 1.20. Invesco S&P SmallCap 600 Pure Value ETF has a 52-week low of $81.43 and a 52-week high of $133.24.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

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.