Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 13,108 shares, a drop of 54.0% from the December 31st total of 28,501 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 27,641 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 27,641 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

RSPM stock opened at $37.94 on Thursday. The stock’s fifty day moving average is $34.70 and its two-hundred day moving average is $33.50. The stock has a market capitalization of $167.67 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 1 year low of $26.63 and a 1 year high of $38.16.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSPM. Royal Bank of Canada increased its position in Invesco S&P 500 Equal Weight Materials ETF by 40.2% during the first quarter. Royal Bank of Canada now owns 16,269 shares of the company’s stock worth $517,000 after acquiring an additional 4,663 shares during the period. Jones Financial Companies Lllp grew its position in Invesco S&P 500 Equal Weight Materials ETF by 591.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock worth $141,000 after purchasing an additional 3,960 shares during the last quarter. Trinity Legacy Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 0.4% during the second quarter. Trinity Legacy Partners LLC now owns 106,201 shares of the company’s stock valued at $3,538,000 after buying an additional 475 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF during the second quarter worth about $162,000. Finally, Friedenthal Financial increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 6.2% during the second quarter. Friedenthal Financial now owns 117,680 shares of the company’s stock valued at $3,814,000 after acquiring an additional 6,826 shares during the period.

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.