Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Stock Short Interest Falls 46.1%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 17,038 shares, a decrease of 46.1% from the August 31st total of 31,628 shares. Based on an average daily volume of 47,348 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

Shares of NYSEARCA:RSPM traded down $0.38 during trading hours on Wednesday, hitting $37.17. The stock had a trading volume of 16,124 shares, compared to its average volume of 29,341. The stock’s fifty day simple moving average is $39.75 and its 200 day simple moving average is $39.19. The firm has a market capitalization of $170.24 million, a price-to-earnings ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a 1-year low of $30.98 and a 1-year high of $41.71.

Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF

Several large investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter worth $27,000. Continuum Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter worth $33,000. Allied Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter valued at $33,000. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter valued at $61,000. Finally, Allworth Financial LP raised its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 8.4% during the second quarter. Allworth Financial LP now owns 4,395 shares of the company’s stock valued at $170,000 after purchasing an additional 340 shares in the last quarter.

About Invesco S&P 500 Equal Weight Materials ETF

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.