Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Up 61.8% in May

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,100,909 shares, a growth of 61.8% from the May 14th total of 1,298,594 shares. Currently, 12.9% of the company’s shares are short sold. Based on an average daily volume of 202,507 shares, the short-interest ratio is presently 10.4 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of RSPN. Graham Capital Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF in the fourth quarter valued at $3,496,000. RFP Financial Group LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at $8,500,000. Hills Bank & Trust Co acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter valued at $1,209,000. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 671.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 87,252 shares of the company’s stock valued at $4,941,000 after buying an additional 75,939 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock valued at $137,178,000 after buying an additional 1,700,000 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Trading Up 1.0%

Shares of Invesco S&P 500 Equal Weight Industrials ETF stock traded up $0.62 on Tuesday, reaching $63.16. 4,125 shares of the company were exchanged, compared to its average volume of 195,113. The stock has a fifty day moving average price of $60.54 and a 200-day moving average price of $59.79. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.94 and a beta of 1.01. Invesco S&P 500 Equal Weight Industrials ETF has a fifty-two week low of $51.48 and a fifty-two week high of $64.16.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.