Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Up 61.8% in May

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,100,909 shares, an increase of 61.8% from the May 14th total of 1,298,594 shares. Approximately 12.9% of the company’s shares are sold short. Based on an average daily volume of 202,507 shares, the short-interest ratio is currently 10.4 days.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

A number of institutional investors have recently added to or reduced their stakes in RSPN. IFC & Insurance Marketing Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth about $33,000. Advanced Asset Management Advisors Inc acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth about $62,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the third quarter worth about $97,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth about $103,000.

Invesco S&P 500 Equal Weight Industrials ETF Stock Up 0.4%

Shares of NYSEARCA:RSPN opened at $62.80 on Wednesday. The company has a market cap of $1.02 billion, a P/E ratio of 22.94 and a beta of 1.01. Invesco S&P 500 Equal Weight Industrials ETF has a 52 week low of $51.48 and a 52 week high of $64.16. The business has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $59.84.

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.