Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Short Interest Down 40.2% in May

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 134,256 shares, a drop of 40.2% from the April 30th total of 224,679 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 192,531 shares, the short-interest ratio is presently 0.7 days.

Invesco S&P 500 Revenue ETF Trading Up 0.1%

Invesco S&P 500 Revenue ETF stock opened at $127.43 on Tuesday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. The stock has a fifty day simple moving average of $121.11 and a two-hundred day simple moving average of $118.23. Invesco S&P 500 Revenue ETF has a 12 month low of $99.84 and a 12 month high of $127.74.

Institutional Trading of Invesco S&P 500 Revenue ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its holdings in shares of Invesco S&P 500 Revenue ETF by 12.2% in the 3rd quarter. Invesco Ltd. now owns 9,176,334 shares of the company’s stock worth $1,015,453,000 after purchasing an additional 999,935 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Revenue ETF by 16.8% in the fourth quarter. LPL Financial LLC now owns 5,870,899 shares of the company’s stock worth $672,218,000 after acquiring an additional 843,089 shares during the period. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Revenue ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 3,154,989 shares of the company’s stock worth $361,246,000 after acquiring an additional 72,972 shares during the period. Allworth Financial LP grew its holdings in shares of Invesco S&P 500 Revenue ETF by 1.5% in the third quarter. Allworth Financial LP now owns 2,284,609 shares of the company’s stock worth $252,815,000 after acquiring an additional 32,997 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Revenue ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 2,194,937 shares of the company’s stock worth $252,220,000 after acquiring an additional 5,552 shares during the period.

Invesco S&P 500 Revenue ETF Company Profile

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.