Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Short Interest Up 103.3% in June

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,441 shares, an increase of 103.3% from the May 31st total of 2,676 shares. Based on an average daily volume of 2,983 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the shares of the company are sold short.

Invesco S&P SmallCap 600 Pure Value ETF Price Performance

NYSEARCA:RZV traded down $0.49 during mid-day trading on Tuesday, hitting $148.57. The company’s stock had a trading volume of 1,610 shares, compared to its average volume of 6,954. The business’s fifty day moving average is $139.05 and its two-hundred day moving average is $131.08. The stock has a market cap of $288.23 million, a price-to-earnings ratio of 10.81 and a beta of 1.10. Invesco S&P SmallCap 600 Pure Value ETF has a 1 year low of $103.54 and a 1 year high of $149.51.

Institutional Trading of Invesco S&P SmallCap 600 Pure Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RZV. IMC Chicago LLC acquired a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF in the 4th quarter valued at $5,152,000. Fortis Group Advisors LLC acquired a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 4th quarter worth about $1,166,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 310.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock worth $2,151,000 after purchasing an additional 13,679 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap 600 Pure Value ETF in the 2nd quarter valued at $35,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter worth about $33,000.

About Invesco S&P SmallCap 600 Pure Value ETF

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.