Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 686,925 shares, an increase of 69.0% from the August 31st total of 406,491 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 456,734 shares, the short-interest ratio is presently 1.5 days.

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

A number of institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in Invesco S&P 500 Equal Weight Technology ETF during the first quarter valued at about $33,000. West Branch Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $35,000. FAS Wealth Partners Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $48,000. Markowski Investments purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth about $64,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $68,000.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Shares of RSPT stock traded up $0.27 on Wednesday, hitting $65.87. 48,459 shares of the stock traded hands, compared to its average volume of 518,292. Invesco S&P 500 Equal Weight Technology ETF has a 52 week low of $41.45 and a 52 week high of $67.49. The firm has a 50 day simple moving average of $63.79 and a two-hundred day simple moving average of $58.96. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34.

About Invesco S&P 500 Equal Weight Technology ETF

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.