Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Sees Large Growth in Short Interest

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 45,696 shares, a growth of 2,607.1% from the May 31st total of 1,688 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 29,133 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RSPR. Goldman Sachs Group Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 159.3% in the first quarter. Goldman Sachs Group Inc. now owns 25,179 shares of the company’s stock valued at $899,000 after acquiring an additional 15,467 shares during the period. Quantinno Capital Management LP raised its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 12.7% in the 2nd quarter. Quantinno Capital Management LP now owns 11,463 shares of the company’s stock worth $402,000 after purchasing an additional 1,292 shares in the last quarter. Raymond James Financial Inc. raised its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 27.8% in the 2nd quarter. Raymond James Financial Inc. now owns 126,441 shares of the company’s stock worth $4,429,000 after purchasing an additional 27,521 shares in the last quarter. Jane Street Group LLC bought a new stake in Invesco S&P 500 Equal Weight Real Estate ETF in the 2nd quarter valued at about $306,000. Finally, Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 29,712 shares of the company’s stock valued at $1,041,000 after purchasing an additional 789 shares during the period.

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

Shares of RSPR stock traded up $0.78 during midday trading on Friday, hitting $37.48. 13,632 shares of the company were exchanged, compared to its average volume of 14,689. Invesco S&P 500 Equal Weight Real Estate ETF has a 52 week low of $32.41 and a 52 week high of $37.68. The firm has a market capitalization of $102.32 million, a P/E ratio of 37.16 and a beta of 0.94. The firm’s 50 day moving average price is $36.14 and its two-hundred day moving average price is $34.92.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

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.