Short Interest in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Rises By 347.6%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 21,124 shares, an increase of 347.6% from the November 30th total of 4,719 shares. Based on an average daily volume of 27,412 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 27,412 shares, the short-interest ratio is presently 0.8 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPM. Susquehanna International Group LLP purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at approximately $437,000. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 8.0% in the third quarter. Private Advisor Group LLC now owns 20,311 shares of the company’s stock valued at $665,000 after buying an additional 1,504 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 39.4% in the third quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock valued at $68,000 after purchasing an additional 593 shares during the last quarter. Live Oak Investment Partners purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the third quarter worth $313,000. Finally, Maltin Wealth Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 1.4% in the 3rd quarter. Maltin Wealth Management Inc. now owns 67,456 shares of the company’s stock valued at $2,209,000 after purchasing an additional 904 shares in the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Performance

NYSEARCA:RSPM opened at $34.35 on Thursday. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $26.63 and a one year high of $34.76. The firm has a market cap of $162.48 million, a price-to-earnings ratio of 21.25 and a beta of 1.06. The firm’s fifty day moving average is $32.76 and its two-hundred day moving average is $32.96.

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.