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

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 32,403 shares, an increase of 1,074.0% from the September 15th total of 2,760 shares. Based on an average daily volume of 15,206 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Real Estate ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc acquired a new position in Invesco S&P 500 Equal Weight Real Estate ETF during the second quarter worth $4,790,000. Bank of America Corp DE raised its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the 1st quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock worth $3,484,000 after acquiring an additional 41,412 shares during the period. Cetera Investment Advisers raised its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 45,096 shares of the company’s stock worth $1,496,000 after acquiring an additional 6,217 shares during the period. Sheets Smith Wealth Management grew its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 9.0% in the 1st quarter. Sheets Smith Wealth Management now owns 29,322 shares of the company’s stock valued at $973,000 after buying an additional 2,413 shares during the last quarter. Finally, Interactive Financial Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 9.0% during the first quarter. Interactive Financial Advisors Inc. now owns 29,297 shares of the company’s stock valued at $972,000 after buying an additional 2,416 shares during the last quarter.

Invesco S&P 500 Equal Weight Real Estate ETF Trading Up 1.8%

RSPR stock traded up $0.60 during mid-day trading on Friday, reaching $33.77. 30,014 shares of the stock traded hands, compared to its average volume of 14,217. The stock’s fifty day moving average is $35.36 and its 200-day moving average is $35.70. The company has a market cap of $83.41 million, a P/E ratio of 37.16 and a beta of 0.93. Invesco S&P 500 Equal Weight Real Estate ETF has a 52-week low of $32.41 and a 52-week high of $38.01.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

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.