Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Sees Significant Growth in Short Interest

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,290 shares, a growth of 44.6% from the February 12th total of 1,584 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 8,442 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 8,442 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RFV. Royal Bank of Canada boosted its position in shares of Invesco S&P MidCap 400 Pure Value ETF by 10.4% during the first quarter. Royal Bank of Canada now owns 49,175 shares of the company’s stock worth $5,612,000 after buying an additional 4,630 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 393.7% in the 1st quarter. Jones Financial Companies Lllp now owns 8,679 shares of the company’s stock valued at $990,000 after buying an additional 6,921 shares during the period. Creative Planning lifted its stake in Invesco S&P MidCap 400 Pure Value ETF by 4.7% during the 2nd quarter. Creative Planning now owns 3,764 shares of the company’s stock worth $455,000 after acquiring an additional 168 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco S&P MidCap 400 Pure Value ETF by 408.0% during the 2nd quarter. Cetera Investment Advisers now owns 17,720 shares of the company’s stock worth $2,142,000 after acquiring an additional 14,232 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P MidCap 400 Pure Value ETF by 1,014.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,774 shares of the company’s stock valued at $335,000 after acquiring an additional 2,525 shares during the period.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

Shares of RFV stock opened at $126.11 on Monday. The firm has a market cap of $292.58 million, a P/E ratio of 10.99 and a beta of 1.16. The firm’s 50 day moving average price is $134.69 and its 200-day moving average price is $130.65. Invesco S&P MidCap 400 Pure Value ETF has a one year low of $96.78 and a one year high of $142.77.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.