Short Interest in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Declines By 52.6%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 8,122 shares, a drop of 52.6% from the May 31st total of 17,134 shares. Based on an average daily trading volume, of 11,825 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF

A number of large investors have recently made changes to their positions in RSPM. Altfest L J & Co. Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter valued at approximately $4,424,000. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight Materials ETF by 23.3% in the 1st quarter. Bank of America Corp DE now owns 306,662 shares of the company’s stock worth $11,857,000 after purchasing an additional 57,983 shares during the period. Royal Bank of Canada grew its position in Invesco S&P 500 Equal Weight Materials ETF by 90.6% in the 1st quarter. Royal Bank of Canada now owns 84,749 shares of the company’s stock worth $3,277,000 after purchasing an additional 40,287 shares during the period. Merit Financial Group LLC grew its position in Invesco S&P 500 Equal Weight Materials ETF by 512.5% in the 4th quarter. Merit Financial Group LLC now owns 46,001 shares of the company’s stock worth $1,568,000 after purchasing an additional 38,491 shares during the period. Finally, Private Advisor Group LLC raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 191.8% during the 1st quarter. Private Advisor Group LLC now owns 49,354 shares of the company’s stock valued at $1,908,000 after buying an additional 32,440 shares during the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.3%

NYSEARCA:RSPM traded up $0.10 during mid-day trading on Tuesday, reaching $38.64. The company’s stock had a trading volume of 9,439 shares, compared to its average volume of 28,625. The stock has a market cap of $178.90 million, a P/E ratio of 21.25 and a beta of 0.92. The firm’s fifty day moving average price is $39.18 and its two-hundred day moving average price is $38.16. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $30.98 and a 12-month high of $41.42.

About Invesco S&P 500 Equal Weight Materials ETF

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RSPM was launched on Nov 1, 2006 and is managed by Invesco.