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

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,688 shares, an increase of 58.2% from the May 14th total of 1,067 shares. Based on an average daily volume of 16,130 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

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

Invesco S&P 500 Equal Weight Real Estate ETF stock remained flat at $37.01 during midday trading on Tuesday. The company’s stock had a trading volume of 22,055 shares, compared to its average volume of 14,607. Invesco S&P 500 Equal Weight Real Estate ETF has a 12 month low of $32.41 and a 12 month high of $37.68. The company’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $34.76. The company has a market capitalization of $101.04 million, a price-to-earnings ratio of 37.16 and a beta of 0.94.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Real Estate ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RSPR. Steward Partners Investment Advisory LLC lifted 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 valued at $30,000 after acquiring an additional 877 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Invesco S&P 500 Equal Weight Real Estate ETF in the fourth quarter valued at $258,000. Koshinski Asset Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 6.5% in the third quarter. Koshinski Asset Management Inc. now owns 7,453 shares of the company’s stock valued at $264,000 after acquiring an additional 454 shares during the period. Clearstead Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Real Estate ETF in the fourth quarter valued at $279,000. Finally, Walker Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 5.9% in the first quarter. Walker Asset Management LLC now owns 8,528 shares of the company’s stock valued at $283,000 after acquiring an additional 477 shares during the period.

About Invesco S&P 500 Equal Weight Real Estate ETF

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.