Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Update

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 612,492 shares, a growth of 111.9% from the June 15th total of 289,095 shares. Based on an average daily trading volume, of 857,581 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. RMG Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter worth $66,437,000. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 26.7% during the first quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock valued at $236,711,000 after buying an additional 1,102,277 shares during the period. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the first quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after buying an additional 296,259 shares during the period. Chicago Wealth Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at $9,848,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at $8,607,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

RSPT stock traded down $1.02 during trading on Thursday, reaching $59.78. The company had a trading volume of 1,473,078 shares, compared to its average volume of 513,414. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $40.29 and a 52 week high of $67.49. The business has a 50 day moving average of $61.89 and a 200 day moving average of $52.72. The company has a market cap of $5.41 billion, a P/E ratio of 26.94 and a beta of 1.33.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.