Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Sees Significant Decline in Short Interest

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,305 shares, a decline of 43.8% from the April 30th total of 5,879 shares. Based on an average daily trading volume, of 5,824 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Invesco S&P SmallCap 600 Pure Value ETF Trading Down 1.0%

Invesco S&P SmallCap 600 Pure Value ETF stock opened at $139.47 on Thursday. The stock has a market cap of $270.57 million, a P/E ratio of 10.81 and a beta of 1.11. The stock has a 50 day moving average of $132.86 and a 200-day moving average of $127.78. Invesco S&P SmallCap 600 Pure Value ETF has a 52 week low of $98.70 and a 52 week high of $141.62.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 2nd quarter valued at approximately $35,000. Cardiff Park Advisors LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 3rd quarter valued at about $77,000. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter valued at about $171,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 2nd quarter valued at about $201,000.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.