Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 406,491 shares, a drop of 38.8% from the August 15th total of 663,759 shares. Based on an average trading volume of 416,841 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the stock are short sold.
Invesco S&P 500 Equal Weight Technology ETF Price Performance
RSPT traded down $0.30 during midday trading on Friday, reaching $64.38. 129,874 shares of the company’s stock were exchanged, compared to its average volume of 515,531. Invesco S&P 500 Equal Weight Technology ETF has a 1-year low of $41.45 and a 1-year high of $67.49. The stock has a market capitalization of $5.85 billion, a PE ratio of 26.94 and a beta of 1.34. The business’s 50-day moving average price is $62.98 and its 200 day moving average price is $57.86.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 26.7% during the 1st quarter. Bank of America Corp DE now owns 5,230,024 shares of the company’s stock worth $236,711,000 after purchasing an additional 1,102,277 shares during the period. RMG Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at approximately $66,437,000. Baker Avenue Asset Management LP grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 584,152 shares of the company’s stock worth $26,585,000 after buying an additional 25,862 shares during the period. Cetera Investment Advisers grew its stake in Invesco S&P 500 Equal Weight Technology ETF by 54.6% during the first quarter. Cetera Investment Advisers now owns 341,701 shares of the company’s stock worth $15,465,000 after buying an additional 120,625 shares during the period. Finally, Prasad Wealth Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.8% in the first quarter. Prasad Wealth Partners LLC now owns 331,655 shares of the company’s stock worth $15,011,000 after acquiring an additional 5,931 shares in the last quarter.
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.
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