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

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 406,491 shares, a decline of 38.8% from the August 15th total of 663,759 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 416,841 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth $809,000. Integrated Wealth Concepts LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $206,000. NewEdge Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 12.3% during the second quarter. NewEdge Advisors LLC now owns 75,790 shares of the company’s stock valued at $4,888,000 after purchasing an additional 8,288 shares during the last quarter. Corient Private Wealth LP lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 17.4% during the second quarter. Corient Private Wealth LP now owns 109,572 shares of the company’s stock valued at $7,067,000 after purchasing an additional 16,205 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth $532,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 1.8%

Invesco S&P 500 Equal Weight Technology ETF stock traded up $1.16 during midday trading on Thursday, reaching $64.68. 296,181 shares of the stock traded hands, compared to its average volume of 517,712. The stock has a market cap of $5.87 billion, a P/E ratio of 26.94 and a beta of 1.34. The stock’s fifty day moving average is $62.98 and its 200-day moving average is $57.86. Invesco S&P 500 Equal Weight Technology ETF has a 12 month low of $41.45 and a 12 month high of $67.49.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.