Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Drops By 47.1%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPTGet Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 324,043 shares, a drop of 47.1% from the June 30th total of 612,492 shares. Based on an average daily volume of 915,049 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

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

Several large investors have recently modified their holdings of RSPT. Root Financial Partners LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at about $33,000. West Branch Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at about $35,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $43,000. FAS Wealth Partners Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at about $48,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $48,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 2.7%

NYSEARCA:RSPT traded up $1.60 during trading hours on Thursday, reaching $60.08. The company had a trading volume of 479,527 shares, compared to its average volume of 524,376. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The firm’s 50 day moving average price is $62.15 and its 200-day moving average price is $53.56. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $40.29 and a 52 week high of $67.49.

About Invesco S&P 500 Equal Weight Technology ETF

(Get Free Report)

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.

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