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

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,688 shares, a growth of 58.2% from the May 14th total of 1,067 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 16,130 shares, the short-interest ratio is currently 0.1 days.

Invesco S&P 500 Equal Weight Real Estate ETF Stock Performance

Invesco S&P 500 Equal Weight Real Estate ETF stock remained flat at $37.01 during mid-day trading on Tuesday. 22,055 shares of the company’s stock traded hands, compared to its average volume of 14,607. The stock has a market cap of $101.04 million, a PE ratio of 37.16 and a beta of 0.94. Invesco S&P 500 Equal Weight Real Estate ETF has a one year low of $32.41 and a one year high of $37.68. The business has a 50-day moving average of $35.75 and a two-hundred day moving average of $34.76.

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

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 19.8% in the fourth quarter. IFP Advisors Inc now owns 281,946 shares of the company’s stock valued at $9,482,000 after purchasing an additional 46,630 shares during the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 27.1% in the third quarter. Raymond James Financial Inc. now owns 160,659 shares of the company’s stock valued at $5,696,000 after purchasing an additional 34,218 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% during the first 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 during the last quarter. Equitable Holdings Inc. grew its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 15.8% during the fourth quarter. Equitable Holdings Inc. now owns 48,434 shares of the company’s stock worth $1,629,000 after acquiring an additional 6,617 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 16.0% during the first quarter. Cetera Investment Advisers now owns 45,096 shares of the company’s stock worth $1,496,000 after acquiring an additional 6,217 shares during the last quarter.

Invesco S&P 500 Equal Weight Real Estate ETF Company Profile

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.