Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Growth in Short Interest

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 567,133 shares, a growth of 75.0% from the July 15th total of 324,043 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 731,157 shares, the days-to-cover ratio is currently 0.8 days.

Invesco S&P 500 Equal Weight Technology ETF Trading Down 0.2%

RSPT traded down $0.13 during trading on Monday, hitting $66.09. The company’s stock had a trading volume of 189,774 shares, compared to its average volume of 526,601. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $40.35 and a twelve month high of $67.49. The business’s fifty day simple moving average is $62.25 and its 200 day simple moving average is $54.97. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $238,000. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the first quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after purchasing an additional 296,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $3,490,000. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $1,096,000. Finally, Focus Partners Wealth increased its stake in Invesco S&P 500 Equal Weight Technology ETF by 612.3% during the 1st quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock worth $256,000 after buying an additional 6,435 shares in the last quarter.

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.