Invesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ) Short Interest Update
by Danessa Lincoln · The Markets DailyInvesco S&P SmallCap 600 Revenue ETF (NYSEARCA:RWJ – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 123,700 shares, an increase of 115.6% from the August 15th total of 57,382 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 85,375 shares, the short-interest ratio is currently 1.4 days.
Institutional Trading of Invesco S&P SmallCap 600 Revenue ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its holdings in Invesco S&P SmallCap 600 Revenue ETF by 32.5% in the second quarter. Integrated Wealth Concepts LLC now owns 8,757 shares of the company’s stock valued at $521,000 after acquiring an additional 2,147 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco S&P SmallCap 600 Revenue ETF by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 47,471 shares of the company’s stock worth $2,825,000 after purchasing an additional 3,381 shares during the last quarter. Hudock Inc. bought a new stake in Invesco S&P SmallCap 600 Revenue ETF during the 2nd quarter worth about $209,000. Waverly Advisors LLC acquired a new position in Invesco S&P SmallCap 600 Revenue ETF during the 2nd quarter valued at about $391,000. Finally, Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap 600 Revenue ETF during the 2nd quarter valued at about $1,756,000.
Invesco S&P SmallCap 600 Revenue ETF Stock Down 0.8%
RWJ stock traded down $0.49 during midday trading on Tuesday, reaching $59.08. 124,044 shares of the company’s stock traded hands, compared to its average volume of 87,262. The company has a 50-day simple moving average of $60.84 and a two-hundred day simple moving average of $56.63. Invesco S&P SmallCap 600 Revenue ETF has a 1-year low of $44.70 and a 1-year high of $62.86. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 13.17 and a beta of 1.07.
About Invesco S&P SmallCap 600 Revenue ETF
The Invesco S&P SmallCap 600 Revenue ETF (RWJ) is an exchange-traded fund that is based on the S&P SmallCap 600 Revenue-Weighted index. The fund tracks an index of S&P SmallCap 600 Index stocks that are weighted by revenue. RWJ was launched on Feb 22, 2008 and is managed by Invesco.