Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Stock Short Interest Falls 49.6%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 5,836 shares, a decline of 49.6% from the September 30th total of 11,572 shares. Based on an average daily trading volume, of 12,217 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

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

Several large investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings 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 worth $1,908,000 after purchasing an additional 32,440 shares in the last quarter. McKinley Carter Wealth Services Inc. bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the third quarter valued at about $676,000. Royal Bank of Canada increased its holdings in Invesco S&P 500 Equal Weight Materials ETF by 90.6% during the first quarter. Royal Bank of Canada now owns 84,749 shares of the company’s stock worth $3,277,000 after buying an additional 40,287 shares during the last quarter. Bank of America Corp DE raised its position in Invesco S&P 500 Equal Weight Materials ETF by 23.3% in the first quarter. Bank of America Corp DE now owns 306,662 shares of the company’s stock worth $11,857,000 after acquiring an additional 57,983 shares during the period. Finally, NTV Asset Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth $2,865,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

NYSEARCA:RSPM traded up $0.31 during mid-day trading on Friday, hitting $40.35. The stock had a trading volume of 11,194 shares, compared to its average volume of 27,438. The stock has a market cap of $183.19 million, a price-to-earnings ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $30.98 and a twelve month high of $41.71. The company’s 50 day simple moving average is $39.01 and its 200 day simple moving average is $39.02.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

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.