Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Up 34.9% in December

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 28,501 shares, a growth of 34.9% from the December 15th total of 21,124 shares. Based on an average trading volume of 16,595 shares, the short-interest ratio is presently 1.7 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 16,595 shares, the short-interest ratio is presently 1.7 days.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

RSPM traded down $0.28 during trading on Friday, reaching $36.80. The company had a trading volume of 12,748 shares, compared to its average volume of 26,241. The company has a market cap of $168.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.06. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $26.63 and a 12-month high of $37.22. The firm’s 50-day simple moving average is $33.86 and its 200 day simple moving average is $33.31.

Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RSPM. CWM LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter worth about $25,000. Jones Financial Companies Lllp lifted its position 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 worth $68,000 after purchasing an additional 593 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at approximately $119,000. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at approximately $162,000. Finally, Lavaca Capital LLC raised its position in Invesco S&P 500 Equal Weight Materials ETF by 1,011.1% in the 2nd quarter. Lavaca Capital LLC now owns 5,000 shares of the company’s stock worth $162,000 after purchasing an additional 4,550 shares during the last quarter.

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.