Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Shares Shorted: Short Interest Down 49.6% in October

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,836 shares, a decline of 49.6% from the September 30th total of 11,572 shares. Based on an average trading volume of 12,217 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 1.9%

Shares of RSPM stock traded up $0.75 during trading hours on Monday, hitting $41.10. The company’s stock had a trading volume of 5,584 shares, compared to its average volume of 27,333. The company has a 50 day moving average of $39.01 and a 200 day moving average of $39.02. The stock has a market cap of $186.60 million, a PE ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $30.98 and a 12-month high of $41.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPM. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 23.3% during the 1st quarter. Bank of America Corp DE now owns 306,662 shares of the company’s stock valued at $11,857,000 after buying an additional 57,983 shares during the last quarter. Maltin Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Materials ETF by 0.9% during the third quarter. Maltin Wealth Management Inc. now owns 99,477 shares of the company’s stock worth $3,698,000 after acquiring an additional 931 shares during the period. Royal Bank of Canada grew its holdings in Invesco S&P 500 Equal Weight Materials ETF by 90.6% during the first quarter. Royal Bank of Canada now owns 84,749 shares of the company’s stock worth $3,277,000 after acquiring an additional 40,287 shares during the period. NTV Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the third quarter valued at approximately $2,865,000. Finally, Private Advisor Group LLC raised its position in Invesco S&P 500 Equal Weight Materials ETF by 191.8% during the first quarter. Private Advisor Group LLC now owns 49,354 shares of the company’s stock valued at $1,908,000 after acquiring an additional 32,440 shares in the last quarter.

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.