Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Down 49.1% in May

Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 25,221 shares, a decrease of 49.1% from the April 30th total of 49,559 shares. Based on an average trading volume of 65,235 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Invesco S&P SmallCap 600 Revenue ETF Price Performance

Invesco S&P SmallCap 600 Revenue ETF stock traded up $0.28 during trading hours on Monday, reaching $56.61. The stock had a trading volume of 59,750 shares, compared to its average volume of 85,715. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 13.17 and a beta of 1.10. The business’s 50 day moving average price is $53.47 and its 200-day moving average price is $51.62. Invesco S&P SmallCap 600 Revenue ETF has a 52 week low of $40.68 and a 52 week high of $56.78.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Revenue ETF

A number of large investors have recently added to or reduced their stakes in the company. Greenline Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the fourth quarter valued at about $31,000. Ameriflex Group Inc. acquired a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the fourth quarter valued at about $42,000. AlphaCore Capital LLC increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 341.4% during the fourth quarter. AlphaCore Capital LLC now owns 927 shares of the company’s stock valued at $45,000 after acquiring an additional 717 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Invesco S&P SmallCap 600 Revenue ETF by 913.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,125 shares of the company’s stock valued at $54,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Lion Street Advisors LLC acquired a new position in shares of Invesco S&P SmallCap 600 Revenue ETF during the third quarter valued at about $110,000.

About Invesco S&P SmallCap 600 Revenue ETF

The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.