Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Update

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,431,393 shares, a decrease of 15.8% from the February 26th total of 1,700,276 shares. Currently, 9.4% of the company’s shares are sold short. Based on an average daily trading volume, of 245,618 shares, the short-interest ratio is currently 5.8 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Silver Oak Securities Incorporated grew its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 263.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,693 shares of the company’s stock worth $768,000 after acquiring an additional 9,929 shares during the period. RFP Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter valued at about $8,500,000. Osaic Holdings Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 17.4% during the 2nd quarter. Osaic Holdings Inc. now owns 60,302 shares of the company’s stock valued at $3,228,000 after purchasing an additional 8,931 shares in the last quarter. Treasure Coast Financial Planning boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 620.8% during the 3rd quarter. Treasure Coast Financial Planning now owns 32,564 shares of the company’s stock valued at $1,827,000 after purchasing an additional 28,046 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 7.2% during the third quarter. Wealthcare Advisory Partners LLC now owns 170,395 shares of the company’s stock worth $9,559,000 after purchasing an additional 11,394 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Invesco S&P 500 Equal Weight Industrials ETF stock opened at $57.58 on Wednesday. Invesco S&P 500 Equal Weight Industrials ETF has a one year low of $42.28 and a one year high of $64.16. The stock’s 50 day moving average is $60.85 and its 200 day moving average is $57.99. The firm has a market cap of $879.25 million, a P/E ratio of 22.94 and a beta of 1.09.

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.