Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,678,070 shares, a growth of 116.9% from the August 31st total of 773,574 shares. Based on an average daily volume of 610,235 shares, the days-to-cover ratio is currently 2.7 days. Approximately 14.0% of the company’s shares are sold short.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
Shares of NYSEARCA:RSPN opened at $58.57 on Wednesday. Invesco S&P 500 Equal Weight Industrials ETF has a 1 year low of $53.47 and a 1 year high of $65.49. The business has a 50 day simple moving average of $61.95 and a two-hundred day simple moving average of $61.21. The firm has a market capitalization of $731.54 million, a PE ratio of 22.94 and a beta of 1.00.
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. Allied Private Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the second quarter worth $30,000. Hilton Head Capital Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the fourth quarter worth $33,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at $75,000. Firestone Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at $204,000. Finally, MRA Advisory Group bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the second quarter worth about $207,000.
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.
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