Short Interest in Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Drops By 61.4%

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 475 shares, a drop of 61.4% from the April 30th total of 1,230 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,130 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco S&P MidCap 400 Pure Value ETF

A number of hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its stake in Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock valued at $102,000 after acquiring an additional 783 shares during the period. NewEdge Advisors LLC boosted its stake in Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the third quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after acquiring an additional 519 shares during the period. IFP Advisors Inc boosted its stake in Invesco S&P MidCap 400 Pure Value ETF by 71.0% in the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock valued at $137,000 after acquiring an additional 445 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter valued at approximately $169,000. Finally, Prospera Financial Services Inc bought a new position in Invesco S&P MidCap 400 Pure Value ETF during the 3rd quarter worth $216,000.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of NYSEARCA RFV traded up $1.05 during midday trading on Monday, reaching $141.78. 2,961 shares of the company’s stock were exchanged, compared to its average volume of 7,306. Invesco S&P MidCap 400 Pure Value ETF has a 52-week low of $114.98 and a 52-week high of $142.77. The stock has a market capitalization of $320.42 million, a PE ratio of 10.99 and a beta of 1.07. The business’s fifty day moving average price is $135.57 and its two-hundred day moving average price is $133.18.

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.