Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Sees Large Decline in Short Interest

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 1,700,276 shares, a decrease of 13.5% from the February 12th total of 1,965,690 shares. Based on an average daily volume of 402,462 shares, the short-interest ratio is currently 4.2 days. Approximately 11.1% of the company’s shares are short sold. Approximately 11.1% of the company’s shares are short sold. Based on an average daily volume of 402,462 shares, the short-interest ratio is currently 4.2 days.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Invesco S&P 500 Equal Weight Industrials ETF stock traded up $0.22 during mid-day trading on Tuesday, hitting $59.12. The company’s stock had a trading volume of 107,770 shares, compared to its average volume of 237,200. The business has a 50 day moving average price of $61.27 and a 200-day moving average price of $57.83. Invesco S&P 500 Equal Weight Industrials ETF has a 12 month low of $42.28 and a 12 month high of $64.16. The stock has a market cap of $902.76 million, a price-to-earnings ratio of 22.94 and a beta of 1.09.

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

A number of institutional investors have recently modified their holdings of RSPN. Signature Estate & Investment Advisors LLC raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 1.3% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 12,532 shares of the company’s stock valued at $710,000 after purchasing an additional 163 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 12.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock worth $106,000 after buying an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 129,299 shares of the company’s stock valued at $7,246,000 after buying an additional 338 shares during the period. Truist Financial Corp boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 3.7% in the third quarter. Truist Financial Corp now owns 9,522 shares of the company’s stock valued at $534,000 after acquiring an additional 339 shares in the last quarter. Finally, Harbor Asset Planning Inc. increased its position in Invesco S&P 500 Equal Weight Industrials ETF by 0.8% during the 3rd quarter. Harbor Asset Planning Inc. now owns 49,758 shares of the company’s stock valued at $2,792,000 after purchasing an additional 412 shares during the period.

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.