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 August. As of August 14th, there was short interest totaling 168,584 shares, a decrease of 50.0% from the July 30th total of 336,957 shares. Based on an average daily volume of 280,594 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of NYSEARCA RWL traded down $0.63 during mid-day trading on Monday, reaching $133.53. The company’s stock had a trading volume of 225,953 shares, compared to its average volume of 265,517. Invesco S&P 500 Revenue ETF has a 1-year low of $106.99 and a 1-year high of $135.71. The stock has a market capitalization of $9.82 billion, a P/E ratio of 18.14 and a beta of 0.85. The stock has a 50-day moving average of $131.62 and a two-hundred day moving average of $125.10.

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

A number of institutional investors have recently added to or reduced their stakes in RWL. Truist Financial Corp grew its stake in shares of Invesco S&P 500 Revenue ETF by 58.5% in the fourth quarter. Truist Financial Corp now owns 46,346 shares of the company’s stock valued at $5,307,000 after buying an additional 17,113 shares in the last quarter. Denver Wealth Management Inc. lifted its stake in Invesco S&P 500 Revenue ETF by 3.5% during the 4th quarter. Denver Wealth Management Inc. now owns 159,604 shares of the company’s stock worth $18,275,000 after acquiring an additional 5,427 shares in the last quarter. Fusion Family Wealth LLC boosted its holdings in Invesco S&P 500 Revenue ETF by 3.0% during the 4th quarter. Fusion Family Wealth LLC now owns 1,628,324 shares of the company’s stock valued at $186,443,000 after acquiring an additional 46,696 shares during the period. Petix & Botte Co boosted its holdings in Invesco S&P 500 Revenue ETF by 18.5% during the 4th quarter. Petix & Botte Co now owns 92,168 shares of the company’s stock valued at $10,553,000 after acquiring an additional 14,358 shares during the period. Finally, Scarborough Advisors LLC grew its position in Invesco S&P 500 Revenue ETF by 9.6% in the 1st quarter. Scarborough Advisors LLC now owns 264,701 shares of the company’s stock valued at $30,417,000 after acquiring an additional 23,252 shares in the last quarter.

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.