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

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 45,696 shares, an increase of 2,607.1% from the May 31st total of 1,688 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 29,133 shares, the days-to-cover ratio is presently 1.6 days.

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

Shares of RSPR opened at $36.70 on Friday. The company has a 50-day moving average price of $36.09 and a two-hundred day moving average price of $34.90. The stock has a market cap of $100.19 million, a price-to-earnings ratio of 37.16 and a beta of 0.94. Invesco S&P 500 Equal Weight Real Estate ETF has a 12 month low of $32.41 and a 12 month high of $37.68.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings 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 acquiring an additional 46,630 shares during the last quarter. Bank of America Corp DE raised its stake 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 buying an additional 41,412 shares during the last quarter. Raymond James Financial Inc. boosted 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 acquiring an additional 34,218 shares during the last quarter. Sykon Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the 4th quarter valued at $898,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 159.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,179 shares of the company’s stock valued at $899,000 after purchasing an additional 15,467 shares during the period.

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.