Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Shares Shorted: Short Interest Up 117.6% in October

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,470 shares, an increase of 117.6% from the September 30th total of 3,892 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 11,286 shares, the short-interest ratio is presently 0.8 days.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of NYSEARCA RFV traded down $0.11 during midday trading on Friday, hitting $147.91. 4,404 shares of the stock traded hands, compared to its average volume of 6,672. The firm has a 50-day moving average of $146.93 and a two-hundred day moving average of $141.22. The firm has a market capitalization of $341.67 million, a P/E ratio of 10.99 and a beta of 1.06. Invesco S&P MidCap 400 Pure Value ETF has a one year low of $121.21 and a one year high of $153.30.

Institutional Trading of Invesco S&P MidCap 400 Pure Value ETF

A number of hedge funds have recently bought and sold shares of RFV. Carlson Financial Inc. purchased a new position in Invesco S&P MidCap 400 Pure Value ETF in the second quarter worth about $209,000. Greenleaf Trust bought a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter valued at about $258,000. Fifth Third Securities Inc. bought a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter valued at about $277,000. Independent Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF during the 1st quarter valued at about $294,000. Finally, CoreCap Advisors LLC increased its position in shares of Invesco S&P MidCap 400 Pure Value ETF by 3.5% during the 2nd quarter. CoreCap Advisors LLC now owns 2,281 shares of the company’s stock valued at $326,000 after purchasing an additional 77 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.