Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Sees Significant Drop in Short Interest

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,085 shares, a drop of 91.1% from the June 15th total of 45,696 shares. Based on an average daily volume of 16,491 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 12,528.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 877 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the fourth quarter valued at $258,000. Clearstead Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF in the 4th quarter worth about $279,000. Walker Asset Management LLC raised its position in shares of 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 during the last quarter. Finally, Fielder Capital Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF in the 4th quarter worth about $288,000.

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

Shares of RSPR traded up $0.29 during mid-day trading on Friday, reaching $36.69. The company had a trading volume of 9,430 shares, compared to its average volume of 14,435. The firm has a 50-day moving average price of $36.37 and a 200 day moving average price of $35.15. Invesco S&P 500 Equal Weight Real Estate ETF has a 52 week low of $32.41 and a 52 week high of $37.68. The company has a market capitalization of $105.30 million, a price-to-earnings ratio of 37.16 and a beta of 0.93.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

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.