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

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 13,466 shares, a drop of 37.3% from the December 31st total of 21,474 shares. Based on an average daily volume of 7,756 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 7,756 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Invesco S&P MidCap 400 Pure Value ETF

Hedge funds have recently made changes to their positions in the company. Merit Financial Group LLC acquired a new position in shares of Invesco S&P MidCap 400 Pure Value ETF during the fourth quarter worth about $3,757,000. Raymond James Financial Inc. lifted its position in Invesco S&P MidCap 400 Pure Value ETF by 56.4% in the third quarter. Raymond James Financial Inc. now owns 50,118 shares of the company’s stock valued at $6,429,000 after purchasing an additional 18,083 shares during the period. Sagespring Wealth Partners LLC purchased a new stake in Invesco S&P MidCap 400 Pure Value ETF in the 3rd quarter valued at approximately $1,842,000. Cetera Investment Advisers increased its position 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 purchasing an additional 14,232 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 362.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 17,944 shares of the company’s stock worth $2,302,000 after buying an additional 14,060 shares in the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Price Performance

Invesco S&P MidCap 400 Pure Value ETF stock opened at $134.21 on Friday. The business has a 50 day simple moving average of $131.07 and a 200-day simple moving average of $128.32. Invesco S&P MidCap 400 Pure Value ETF has a 12 month low of $96.78 and a 12 month high of $136.30. The stock has a market capitalization of $311.37 million, a PE ratio of 10.99 and a beta of 1.16.

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.