Short Interest in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Expands By 51.5%

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 136,407 shares, an increase of 51.5% from the July 30th total of 90,062 shares. Based on an average trading volume of 284,588 shares, the short-interest ratio is presently 0.5 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RPV. Compass Financial Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the second quarter worth about $26,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the 4th quarter valued at about $31,000. MBM Wealth Consultants LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the 1st quarter valued at about $36,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $44,000. Finally, Ascentis Independent Advisors acquired a new position in Invesco S&P 500 Pure Value ETF during the 1st quarter worth approximately $48,000.

Invesco S&P 500 Pure Value ETF Stock Performance

Shares of NYSEARCA:RPV traded up $1.60 during midday trading on Wednesday, hitting $122.96. 33,522 shares of the company’s stock traded hands, compared to its average volume of 172,246. The firm’s fifty day moving average price is $119.00 and its two-hundred day moving average price is $113.56. Invesco S&P 500 Pure Value ETF has a twelve month low of $95.86 and a twelve month high of $123.36. The company has a market cap of $1.72 billion, a PE ratio of 13.00 and a beta of 0.82.

About Invesco S&P 500 Pure Value ETF

The Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that is based on the S&P 500\u002FCitigroup Pure Value index. The fund tracks an index of primarily large-cap, committee-selected US stocks. The index covers about 33% of the S&P 500’s market cap, using three factors to select value stocks. RPV was launched on Mar 1, 2006 and is managed by Invesco.