Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 31,628 shares, a growth of 163.7% from the August 15th total of 11,994 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 19,029 shares, the short-interest ratio is currently 1.7 days.
Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.2%
Shares of RSPM opened at $39.16 on Friday. The stock’s 50-day moving average price is $39.76 and its two-hundred day moving average price is $39.27. Invesco S&P 500 Equal Weight Materials ETF has a 12 month low of $30.98 and a 12 month high of $41.71. The company has a market capitalization of $186.79 million, a PE ratio of 21.25 and a beta of 0.92.
Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth approximately $27,000. Continuum Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter worth $33,000. Allied Private Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter worth $33,000. Integrated Wealth Concepts LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the second quarter worth $61,000. Finally, Jones Financial Companies Lllp lifted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 591.0% in the first quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock valued at $141,000 after buying an additional 3,960 shares during the period.
Invesco S&P 500 Equal Weight Materials ETF Company Profile
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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