Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Stock Short Interest Falls 91.9%

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,618 shares, a decline of 91.9% from the September 30th total of 32,403 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 18,160 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of RSPR. IFP Advisors Inc raised its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 0.9% in the 3rd quarter. IFP Advisors Inc now owns 132,186 shares of the company’s stock valued at $4,394,000 after acquiring an additional 1,186 shares during the period. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,249 shares of the company’s stock worth $813,000 after purchasing an additional 1,265 shares during the period. Citadel Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the second quarter worth about $308,000. Walker Asset Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 5.2% during the 2nd quarter. Walker Asset Management LLC now owns 8,969 shares of the company’s stock worth $328,000 after acquiring an additional 441 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the 1st quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock valued at $3,484,000 after buying an additional 41,412 shares during the last quarter.

Invesco S&P 500 Equal Weight Real Estate ETF Stock Performance

NYSEARCA:RSPR traded up $0.17 on Monday, hitting $34.91. 15,930 shares of the stock were exchanged, compared to its average volume of 13,876. The stock has a market capitalization of $84.48 million, a price-to-earnings ratio of 37.16 and a beta of 0.93. Invesco S&P 500 Equal Weight Real Estate ETF has a 52 week low of $32.41 and a 52 week high of $38.01. The company’s 50-day moving average price is $34.85 and its 200 day moving average price is $35.37.

About Invesco S&P 500 Equal Weight Real Estate ETF

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.