Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 31,628 shares, an increase of 163.7% from the August 15th total of 11,994 shares. Based on an average daily trading volume, of 19,029 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.0%

RSPM stock traded down $0.02 on Tuesday, reaching $38.80. 448 shares of the company’s stock were exchanged, compared to its average volume of 29,410. The stock has a fifty day moving average of $39.75 and a 200-day moving average of $39.25. 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 firm has a market cap of $185.08 million, a PE ratio of 21.25 and a beta of 0.92.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Materials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RSPM. Nemes Rush Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter worth approximately $33,000. Continuum Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at approximately $61,000. Finally, Allworth Financial LP raised its holdings in Invesco S&P 500 Equal Weight Materials ETF by 8.4% during the second quarter. Allworth Financial LP now owns 4,395 shares of the company’s stock worth $170,000 after purchasing an additional 340 shares during the last quarter.

About Invesco S&P 500 Equal Weight Materials ETF

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.