Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) Sees Significant Growth in Short Interest

Invesco S&P 500 Revenue ETF (NYSEARCA:RWL) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 211,700 shares, an increase of 57.7% from the May 14th total of 134,256 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 211,916 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Invesco S&P 500 Revenue ETF

Institutional investors have recently bought and sold shares of the stock. GoalVest Advisory LLC grew its stake in Invesco S&P 500 Revenue ETF by 355.1% during the fourth quarter. GoalVest Advisory LLC now owns 223 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Invesco S&P 500 Revenue ETF during the fourth quarter valued at $26,000. SWAN Capital LLC purchased a new position in Invesco S&P 500 Revenue ETF during the fourth quarter valued at $30,000. Aptus Capital Advisors LLC grew its stake in Invesco S&P 500 Revenue ETF by 359.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 331 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new position in Invesco S&P 500 Revenue ETF during the third quarter valued at $39,000.

Invesco S&P 500 Revenue ETF Stock Performance

Shares of NYSEARCA RWL traded down $0.02 during midday trading on Tuesday, reaching $129.45. The stock had a trading volume of 261,463 shares, compared to its average volume of 263,757. The stock has a 50-day moving average of $123.77 and a 200-day moving average of $119.37. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 18.14 and a beta of 0.86. Invesco S&P 500 Revenue ETF has a 12-month low of $101.18 and a 12-month high of $130.00.

Invesco S&P 500 Revenue ETF Company Profile

RevenueShares Large Cap ETF (the Fund) seeks to achieve its investment objective of outperforming the total return performance of the S&P 500 Index (S&P 500) by investing in the constituent securities of the S&P 500 in the same proportions as the RevenueShares Large Cap Index. The Fund consists of the same constituent securities as the S&P 500. But rather than being weighted by market capitalization, the Fund employs a patent-pending investment methodology to weight stocks by annual revenue. The Fund is rebalanced annually.