Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Increases By 111.9%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 612,492 shares, an increase of 111.9% from the June 15th total of 289,095 shares. Based on an average daily trading volume, of 857,581 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. West Branch Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth $35,000. Canvas Wealth Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $267,000. Sage Capital Advisors llc purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $6,306,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 62,717 shares of the company’s stock valued at $4,045,000 after buying an additional 1,026 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 144.5% during the 2nd quarter. Focus Financial Network Inc. now owns 84,835 shares of the company’s stock valued at $5,472,000 after buying an additional 50,131 shares in the last quarter.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

Invesco S&P 500 Equal Weight Technology ETF stock opened at $59.78 on Friday. The stock’s 50 day simple moving average is $61.89 and its two-hundred day simple moving average is $52.72. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $40.29 and a fifty-two week high of $67.49.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.