Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Up 111.9% in June

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 612,492 shares, a growth of 111.9% from the June 15th total of 289,095 shares. Based on an average trading volume of 857,581 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. West Branch Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $35,000. Canvas Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at approximately $267,000. Sage Capital Advisors llc bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at approximately $6,306,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 1.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 62,717 shares of the company’s stock worth $4,045,000 after acquiring an additional 1,026 shares during the last quarter. Finally, Focus Financial Network Inc. raised its holdings in Invesco S&P 500 Equal Weight Technology ETF by 144.5% in the 2nd quarter. Focus Financial Network Inc. now owns 84,835 shares of the company’s stock worth $5,472,000 after acquiring an additional 50,131 shares during the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Down 2.0%

Shares of NYSEARCA:RSPT traded down $1.26 on Wednesday, hitting $60.80. 1,089,260 shares of the company traded hands, compared to its average volume of 506,197. The stock has a 50 day simple moving average of $61.74 and a 200-day simple moving average of $52.52. The company has a market cap of $5.51 billion, a PE ratio of 26.94 and a beta of 1.33. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $40.28 and a 52 week high of $67.49.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.