Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Stock Short Interest Report for October

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,836 shares, a decrease of 49.6% from the September 30th total of 11,572 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,217 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Materials ETF

Several hedge funds have recently made changes to their positions in RSPM. Essential Investment Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter valued at approximately $211,000. Oakworth Capital Inc. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth about $38,000. NTV Asset Management LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the 3rd quarter valued at approximately $2,865,000. Courage Miller Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the third quarter valued at $1,816,000. Finally, Hartford Financial Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter worth approximately $427,000.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 0.8%

Shares of NYSEARCA RSPM traded up $0.31 during mid-day trading on Friday, reaching $40.35. 11,194 shares of the company were exchanged, compared to its average volume of 27,438. The company’s 50 day moving average price is $39.01 and its 200 day moving average price is $39.02. Invesco S&P 500 Equal Weight Materials ETF has a 52 week low of $30.98 and a 52 week high of $41.71. The stock has a market capitalization of $183.19 million, a PE ratio of 21.25 and a beta of 0.92.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

(Get Free Report)

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.

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