Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 3,861 shares, a drop of 23.6% from the January 29th total of 5,053 shares. Based on an average daily trading volume, of 47,636 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 47,636 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSPM. CWM LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $27,000. Nemes Rush Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter worth about $27,000. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 39.4% during the third quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock worth $68,000 after purchasing an additional 593 shares during the period. Finally, Lavaca Capital LLC raised its holdings in Invesco S&P 500 Equal Weight Materials ETF by 1,011.1% in the second quarter. Lavaca Capital LLC now owns 5,000 shares of the company’s stock worth $162,000 after purchasing an additional 4,550 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.1%

Shares of RSPM stock traded down $0.06 during mid-day trading on Monday, reaching $40.34. The stock had a trading volume of 24,696 shares, compared to its average volume of 42,335. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $26.63 and a one year high of $41.42. The firm has a market cap of $187.18 million, a PE ratio of 21.25 and a beta of 1.06. The firm’s 50 day simple moving average is $37.57 and its 200 day simple moving average is $34.52.

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.