Short Interest in Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Increases By 361.3%

Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 29,544 shares, a growth of 361.3% from the May 31st total of 6,404 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 16,030 shares, the short-interest ratio is currently 1.8 days.

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of RWK stock opened at $145.91 on Monday. The stock has a market cap of $1.27 billion, a PE ratio of 14.05 and a beta of 1.07. The business has a 50-day simple moving average of $140.81 and a 200-day simple moving average of $134.79. Invesco S&P MidCap 400 Revenue ETF has a 52-week low of $115.34 and a 52-week high of $148.24.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in Invesco S&P MidCap 400 Revenue ETF in the 4th quarter worth approximately $30,000. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at approximately $65,000. Greenline Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap 400 Revenue ETF during the 4th quarter valued at approximately $67,000. MAI Capital Management acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 3rd quarter valued at $87,000. Finally, Arax Advisory Partners acquired a new position in shares of Invesco S&P MidCap 400 Revenue ETF in the 4th quarter valued at $108,000.

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.