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

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 9,694 shares, a decline of 46.3% from the January 29th total of 18,037 shares. Based on an average daily volume of 10,635 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 10,635 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P SmallCap 600 Pure Value ETF Stock Down 1.1%

Shares of NYSEARCA RZV opened at $130.45 on Monday. The firm has a 50-day simple moving average of $128.31 and a 200-day simple moving average of $121.57. The stock has a market capitalization of $247.86 million, a price-to-earnings ratio of 10.81 and a beta of 1.20. Invesco S&P SmallCap 600 Pure Value ETF has a 52 week low of $81.43 and a 52 week high of $139.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC increased its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 6.3% in the fourth quarter. MML Investors Services LLC now owns 3,593 shares of the company’s stock valued at $427,000 after purchasing an additional 214 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF in the 4th quarter worth $33,000. Commonwealth Equity Services LLC increased its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,594 shares of the company’s stock worth $1,498,000 after acquiring an additional 338 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 19.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,444 shares of the company’s stock worth $2,312,000 after acquiring an additional 3,141 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 8.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,776 shares of the company’s stock valued at $568,000 after acquiring an additional 368 shares during the last quarter.

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.