Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Sees Significant Drop in Short Interest

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,085 shares, a decline of 91.1% from the June 15th total of 45,696 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 16,491 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 19.8% during the 4th quarter. IFP Advisors Inc now owns 281,946 shares of the company’s stock valued at $9,482,000 after buying an additional 46,630 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 27.1% in the 3rd quarter. Raymond James Financial Inc. now owns 160,659 shares of the company’s stock worth $5,696,000 after acquiring an additional 34,218 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the 1st quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock worth $3,484,000 after acquiring an additional 41,412 shares in the last quarter. Equitable Holdings Inc. lifted its position in Invesco S&P 500 Equal Weight Real Estate ETF by 15.8% during the 4th quarter. Equitable Holdings Inc. now owns 48,434 shares of the company’s stock valued at $1,629,000 after acquiring an additional 6,617 shares during the period. Finally, Cetera Investment Advisers lifted its position in Invesco S&P 500 Equal Weight Real Estate ETF by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 45,096 shares of the company’s stock valued at $1,496,000 after acquiring an additional 6,217 shares during the period.

Invesco S&P 500 Equal Weight Real Estate ETF Trading Up 0.8%

Shares of RSPR stock traded up $0.29 during midday trading on Friday, reaching $36.69. 9,430 shares of the stock were exchanged, compared to its average volume of 14,435. Invesco S&P 500 Equal Weight Real Estate ETF has a 1 year low of $32.41 and a 1 year high of $37.68. The firm has a market cap of $105.30 million, a PE ratio of 37.16 and a beta of 0.93. The company’s 50 day moving average is $36.37 and its two-hundred day moving average is $35.15.

About Invesco S&P 500 Equal Weight Real Estate ETF

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.