Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Drops By 47.1%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 324,043 shares, a drop of 47.1% from the June 30th total of 612,492 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 915,049 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 1.4%

Shares of RSPT traded down $0.82 during midday trading on Wednesday, hitting $58.48. The company had a trading volume of 704,678 shares, compared to its average volume of 524,678. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The company’s 50 day moving average price is $62.15 and its 200 day moving average price is $53.48. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $40.29 and a 52 week high of $67.49.

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

Several institutional investors and hedge funds have recently bought and sold shares of RSPT. RMG Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter valued at approximately $66,437,000. Bank of America Corp DE lifted its stake 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 worth $236,711,000 after purchasing an additional 1,102,277 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 worth $15,991,000 after purchasing an additional 296,259 shares during the last quarter. Chicago Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $9,848,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $8,607,000.

About Invesco S&P 500 Equal Weight Technology ETF

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.