Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Short Interest Down 63.8% in May

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,067 shares, a drop of 63.8% from the April 30th total of 2,945 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 28,193 shares, the days-to-cover ratio is currently 0.0 days.

Invesco S&P 500 Equal Weight Real Estate ETF Stock Performance

RSPR traded down $0.42 during trading on Friday, reaching $35.91. The company had a trading volume of 8,985 shares, compared to its average volume of 12,993. The firm’s 50-day simple moving average is $34.95 and its 200 day simple moving average is $34.53. The company has a market cap of $98.03 million, a price-to-earnings ratio of 37.16 and a beta of 0.95. Invesco S&P 500 Equal Weight Real Estate ETF has a 12-month low of $32.41 and a 12-month high of $36.62.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Real Estate ETF

Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 12,528.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 884 shares of the company’s stock worth $30,000 after purchasing an additional 877 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 6.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 7,453 shares of the company’s stock worth $264,000 after purchasing an additional 454 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Invesco S&P 500 Equal Weight Real Estate ETF in the 4th quarter worth about $258,000. Clearstead Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Real Estate ETF in the 4th quarter worth about $279,000. Finally, Walker Asset Management LLC increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 5.9% in the 1st quarter. Walker Asset Management LLC now owns 8,528 shares of the company’s stock worth $283,000 after purchasing an additional 477 shares in the last quarter.

About Invesco S&P 500 Equal Weight Real Estate ETF

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.