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

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,917 shares, a growth of 173.0% from the June 30th total of 4,731 shares. Based on an average daily volume of 7,893 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.7% of the company’s shares are short sold.

Invesco S&P SmallCap 600 Pure Value ETF Stock Performance

Shares of Invesco S&P SmallCap 600 Pure Value ETF stock traded down $0.24 on Monday, reaching $150.17. The company had a trading volume of 4,236 shares, compared to its average volume of 7,622. The firm has a market cap of $292.83 million, a PE ratio of 10.81 and a beta of 1.09. Invesco S&P SmallCap 600 Pure Value ETF has a 52-week low of $103.54 and a 52-week high of $153.79. The firm’s 50 day moving average price is $143.95 and its two-hundred day moving average price is $134.85.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Several large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter valued at $33,000. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF during the second quarter worth $35,000. Cardiff Park Advisors LLC purchased a new position in Invesco S&P SmallCap 600 Pure Value ETF in the third quarter valued at $77,000. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter valued at $171,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Invesco S&P SmallCap 600 Pure Value ETF in the second quarter valued at $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.