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 target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 21,124 shares, a growth of 347.6% from the November 30th total of 4,719 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 27,412 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 27,412 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

Shares of RSPM stock traded up $0.23 during mid-day trading on Friday, hitting $34.58. The company’s stock had a trading volume of 15,159 shares, compared to its average volume of 32,166. The company has a market cap of $163.56 million, a PE ratio of 21.25 and a beta of 1.06. The company’s fifty day simple moving average is $32.86 and its 200-day simple moving average is $32.98. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $26.63 and a 52 week high of $34.76.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter valued at $437,000. Private Advisor Group LLC increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 8.0% in the third quarter. Private Advisor Group LLC now owns 20,311 shares of the company’s stock valued at $665,000 after purchasing an additional 1,504 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 39.4% during the third quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock valued at $68,000 after purchasing an additional 593 shares during the period. Live Oak Investment Partners bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth about $313,000. Finally, Maltin Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 1.4% in the 3rd quarter. Maltin Wealth Management Inc. now owns 67,456 shares of the company’s stock valued at $2,209,000 after buying an additional 904 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

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.