Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,100,909 shares, an increase of 61.8% from the May 14th total of 1,298,594 shares. Based on an average daily volume of 202,507 shares, the short-interest ratio is currently 10.4 days. Currently, 12.9% of the company’s shares are short sold.
Invesco S&P 500 Equal Weight Industrials ETF Stock Down 1.3%
Shares of Invesco S&P 500 Equal Weight Industrials ETF stock opened at $62.01 on Thursday. Invesco S&P 500 Equal Weight Industrials ETF has a 52 week low of $51.48 and a 52 week high of $64.16. The business’s fifty day simple moving average is $60.71 and its 200-day simple moving average is $59.89. The firm has a market cap of $1.01 billion, a PE ratio of 22.94 and a beta of 1.01.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
Several large investors have recently modified their holdings of RSPN. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth about $33,000. Advanced Asset Management Advisors Inc acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth about $62,000. Ameritas Advisory Services LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter worth about $97,000. Finally, Sound Income Strategies LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 4th quarter worth about $103,000.
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.
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