Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Update

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 134,256 shares, a decrease of 40.2% from the April 30th total of 224,679 shares. Based on an average trading volume of 192,531 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

A number of large investors have recently bought and sold shares of RWL. Axxcess Wealth Management LLC boosted its position in Invesco S&P 500 Revenue ETF by 1,242.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,338,780 shares of the company’s stock worth $153,290,000 after acquiring an additional 1,239,026 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P 500 Revenue ETF by 468.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,441,023 shares of the company’s stock worth $164,997,000 after acquiring an additional 1,187,743 shares during the last quarter. Invesco Ltd. boosted its position in Invesco S&P 500 Revenue ETF by 12.2% during the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after acquiring an additional 999,935 shares during the last quarter. LPL Financial LLC boosted its position in Invesco S&P 500 Revenue ETF by 16.8% during the 4th quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after acquiring an additional 843,089 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Invesco S&P 500 Revenue ETF by 71.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,690,687 shares of the company’s stock worth $194,277,000 after purchasing an additional 705,554 shares in the last quarter.

Invesco S&P 500 Revenue ETF Stock Down 0.4%

NYSEARCA:RWL opened at $126.70 on Thursday. Invesco S&P 500 Revenue ETF has a twelve month low of $100.37 and a twelve month high of $127.74. The business has a 50 day moving average price of $121.63 and a two-hundred day moving average price of $118.43. The company has a market cap of $8.97 billion, a P/E ratio of 18.14 and a beta of 0.86.

About Invesco S&P 500 Revenue ETF

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. 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.