Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Down 15.8% in March

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,431,393 shares, a decline of 15.8% from the February 26th total of 1,700,276 shares. Based on an average daily trading volume, of 245,618 shares, the days-to-cover ratio is presently 5.8 days. Approximately 9.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSPN. JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after purchasing an additional 2,831,050 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after purchasing an additional 1,700,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 11.1% in the 3rd quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock valued at $50,972,000 after buying an additional 90,512 shares during the period. Affinity Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.7% in the 4th quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock valued at $35,860,000 after buying an additional 4,606 shares during the period. Finally, LPL Financial LLC increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 2.9% in the 4th quarter. LPL Financial LLC now owns 380,323 shares of the company’s stock valued at $21,538,000 after buying an additional 10,636 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Shares of RSPN stock traded up $1.61 during trading hours on Tuesday, hitting $57.52. 165,432 shares of the company were exchanged, compared to its average volume of 218,270. The firm has a market cap of $878.33 million, a P/E ratio of 22.94 and a beta of 1.09. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $42.28 and a fifty-two week high of $64.16. The company has a 50 day simple moving average of $60.89 and a two-hundred day simple moving average of $57.98.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.