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

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

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.7% in the 1st quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock valued at $236,711,000 after buying an additional 1,102,277 shares during the period. Wells Fargo & Company MN raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 5.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,746,577 shares of the company’s stock valued at $124,997,000 after buying an additional 141,025 shares during the period. RMG Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at approximately $66,437,000. Raymond James Financial Inc. lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 2.0% in the second quarter. Raymond James Financial Inc. now owns 1,426,364 shares of the company’s stock valued at $58,167,000 after acquiring an additional 28,061 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 0.8% in the second quarter. Captrust Financial Advisors now owns 796,681 shares of the company’s stock valued at $32,489,000 after acquiring an additional 6,562 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Invesco S&P 500 Equal Weight Technology ETF stock traded down $0.13 during trading on Monday, reaching $66.09. 189,774 shares of the company were exchanged, compared to its average volume of 526,601. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $40.35 and a 52-week high of $67.49. The company has a market capitalization of $6.00 billion, a P/E ratio of 26.94 and a beta of 1.33. The stock’s 50 day simple moving average is $62.25 and its two-hundred day simple moving average is $54.97.

About Invesco S&P 500 Equal Weight Technology ETF

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.