Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Short Interest Update

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,404 shares, a decline of 48.6% from the May 14th total of 12,471 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,925 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Revenue ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Ipsen Advisor Group LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 1.2% in the first quarter. Ipsen Advisor Group LLC now owns 46,159 shares of the company’s stock worth $5,920,000 after purchasing an additional 564 shares during the period. J. Derek Lewis & Associates Inc. boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 4.3% in the first quarter. J. Derek Lewis & Associates Inc. now owns 10,985 shares of the company’s stock worth $1,409,000 after purchasing an additional 456 shares during the period. Western Wealth Management LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 11.1% in the first quarter. Western Wealth Management LLC now owns 17,389 shares of the company’s stock worth $2,230,000 after purchasing an additional 1,732 shares during the period. Bank of America Corp DE boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 16.9% in the first quarter. Bank of America Corp DE now owns 326,143 shares of the company’s stock worth $41,831,000 after purchasing an additional 47,267 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Invesco S&P MidCap 400 Revenue ETF by 7.7% in the first quarter. EverSource Wealth Advisors LLC now owns 47,863 shares of the company’s stock worth $6,139,000 after purchasing an additional 3,440 shares during the period.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of NYSEARCA:RWK traded down $0.28 during midday trading on Monday, reaching $145.94. The company had a trading volume of 15,820 shares, compared to its average volume of 21,662. The stock’s fifty day moving average price is $138.85 and its 200-day moving average price is $133.67. The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.05 and a beta of 1.07. Invesco S&P MidCap 400 Revenue ETF has a one year low of $113.47 and a one year high of $148.24.

Invesco S&P MidCap 400 Revenue ETF Company Profile

RevenueShares Mid Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. The Fund consists of the same constituent securities as the S&P 400. 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.