Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 686,925 shares, a growth of 69.0% from the August 31st total of 406,491 shares. Based on an average daily volume of 456,734 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 12.3% during the 2nd quarter. NewEdge Advisors LLC now owns 75,790 shares of the company’s stock valued at $4,888,000 after buying an additional 8,288 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at approximately $412,000. Optas LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 99.8% in the 1st quarter. Optas LLC now owns 37,114 shares of the company’s stock worth $1,680,000 after acquiring an additional 18,537 shares in the last quarter. Investor s Fiduciary Advisor Network LLC increased its holdings in Invesco S&P 500 Equal Weight Technology ETF by 73.6% in the 2nd quarter. Investor s Fiduciary Advisor Network LLC now owns 56,334 shares of the company’s stock worth $3,633,000 after acquiring an additional 23,885 shares in the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth approximately $853,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of NYSEARCA:RSPT traded up $0.27 during trading on Wednesday, hitting $65.87. The company’s stock had a trading volume of 48,459 shares, compared to its average volume of 518,292. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34. The company has a 50-day moving average of $63.79 and a 200-day moving average of $58.96. Invesco S&P 500 Equal Weight Technology ETF has a 12 month low of $41.45 and a 12 month high of $67.49.

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.