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 decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,038 shares, a decline of 46.1% from the August 31st total of 31,628 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 47,348 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

RSPM stock traded down $0.11 during midday trading on Thursday, hitting $37.06. 21,204 shares of the company’s stock were exchanged, compared to its average volume of 29,297. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $30.98 and a one year high of $41.71. The company has a market cap of $169.73 million, a PE ratio of 21.25 and a beta of 0.92. The stock’s fifty day moving average price is $39.69 and its 200-day moving average price is $39.17.

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

A number of large investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $27,000. Continuum Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter worth about $33,000. Allied Private Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at approximately $33,000. Integrated Wealth Concepts LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at approximately $61,000. Finally, Allworth Financial LP boosted its position in Invesco S&P 500 Equal Weight Materials ETF by 8.4% during the 2nd quarter. Allworth Financial LP now owns 4,395 shares of the company’s stock worth $170,000 after acquiring 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.