Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Significant Decline in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 1,584 shares, a drop of 74.6% from the January 29th total of 6,238 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 12,794 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 12,794 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Invesco S&P MidCap 400 Pure Value ETF Stock Up 0.6%

Shares of RFV traded up $0.75 during mid-day trading on Thursday, hitting $136.65. 8,135 shares of the company traded hands, compared to its average volume of 8,980. The company has a market capitalization of $317.03 million, a PE ratio of 10.99 and a beta of 1.16. The business has a 50 day moving average of $134.20 and a 200 day moving average of $130.10. Invesco S&P MidCap 400 Pure Value ETF has a 1-year low of $96.78 and a 1-year high of $142.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 408.0% in the second quarter. Cetera Investment Advisers now owns 17,720 shares of the company’s stock valued at $2,142,000 after purchasing an additional 14,232 shares during the period. Cadent Capital Advisors LLC purchased a new stake in Invesco S&P MidCap 400 Pure Value ETF in the third quarter valued at approximately $989,000. Strategic Blueprint LLC purchased a new stake in Invesco S&P MidCap 400 Pure Value ETF in the third quarter valued at approximately $768,000. Stratos Wealth Advisors LLC increased its holdings in Invesco S&P MidCap 400 Pure Value ETF by 12.5% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 76,773 shares of the company’s stock worth $9,848,000 after buying an additional 8,532 shares during the period. Finally, Sagespring Wealth Partners LLC purchased a new position in Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter worth approximately $1,842,000.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.