Invesco S&P MidCap 400 Revenue ETF (NYSEARCA:RWK) Sees Large Decrease in Short Interest

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

Invesco S&P MidCap 400 Revenue ETF Price Performance

Shares of RWK stock opened at $145.94 on Tuesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 14.05 and a beta of 1.07. The stock has a 50 day simple moving average of $138.85 and a 200-day simple moving average of $133.67. Invesco S&P MidCap 400 Revenue ETF has a 1-year low of $113.47 and a 1-year high of $148.24.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of Invesco S&P MidCap 400 Revenue ETF by 7.4% during the 4th quarter. Morgan Stanley now owns 938,017 shares of the company’s stock worth $118,622,000 after buying an additional 64,763 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P MidCap 400 Revenue ETF by 446.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 659,036 shares of the company’s stock valued at $83,342,000 after purchasing an additional 538,536 shares during the last quarter. LPL Financial LLC raised its stake in Invesco S&P MidCap 400 Revenue ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 603,545 shares of the company’s stock valued at $76,324,000 after purchasing an additional 18,274 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Invesco S&P MidCap 400 Revenue ETF by 455.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 575,707 shares of the company’s stock valued at $71,958,000 after purchasing an additional 472,081 shares during the last quarter. Finally, Fusion Family Wealth LLC raised its stake in Invesco S&P MidCap 400 Revenue ETF by 2.6% in the 1st quarter. Fusion Family Wealth LLC now owns 551,484 shares of the company’s stock valued at $70,733,000 after purchasing an additional 13,960 shares during the last quarter.

About Invesco S&P MidCap 400 Revenue ETF

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.