Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Update

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 567,133 shares, a growth of 75.0% from the July 15th total of 324,043 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 731,157 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. West Branch Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter worth $35,000. Canvas Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $267,000. Sage Capital Advisors llc bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $6,306,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.7% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 62,717 shares of the company’s stock valued at $4,045,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Invesco S&P 500 Equal Weight Technology ETF by 144.5% in the second quarter. Focus Financial Network Inc. now owns 84,835 shares of the company’s stock worth $5,472,000 after acquiring an additional 50,131 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of NYSEARCA:RSPT traded down $1.71 during trading on Tuesday, reaching $64.20. 176,190 shares of the company were exchanged, compared to its average volume of 524,831. The business’s fifty day simple moving average is $62.31 and its 200-day simple moving average is $55.10. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $40.35 and a 12-month high of $67.49. The firm has a market capitalization of $5.83 billion, a PE ratio of 26.94 and a beta of 1.33.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.