Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Shares Shorted: Short Interest Up 106.8% in October

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,278,839 shares, a growth of 106.8% from the September 30th total of 1,102,138 shares. Based on an average daily trading volume, of 230,101 shares, the days-to-cover ratio is currently 9.9 days. Approximately 18.6% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Shares of RSPN stock traded down $0.51 on Friday, hitting $60.55. The company’s stock had a trading volume of 621,125 shares, compared to its average volume of 212,581. The stock’s 50 day moving average is $59.81 and its 200-day moving average is $61.08. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $53.47 and a fifty-two week high of $65.49. The company has a market capitalization of $705.41 million, a PE ratio of 22.94 and a beta of 1.00.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.5% during the third quarter. Farther Finance Advisors LLC now owns 59,107 shares of the company’s stock valued at $3,423,000 after purchasing an additional 281 shares in the last quarter. First Heartland Consultants Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 2.6% in the second quarter. First Heartland Consultants Inc. now owns 11,300 shares of the company’s stock valued at $723,000 after buying an additional 285 shares during the period. Lido Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1.8% in the 1st quarter. Lido Advisors LLC now owns 21,435 shares of the company’s stock valued at $1,234,000 after buying an additional 369 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth approximately $30,000. Finally, Brian Low Financial Group LLC boosted its position in Invesco S&P 500 Equal Weight Industrials ETF by 3.8% during the 3rd quarter. Brian Low Financial Group LLC now owns 13,781 shares of the company’s stock worth $798,000 after buying an additional 501 shares during the period.

About Invesco S&P 500 Equal Weight Industrials ETF

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.