Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 31,628 shares, an increase of 163.7% from the August 15th total of 11,994 shares. Based on an average daily volume of 19,029 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF

Several large investors have recently modified their holdings of RSPM. Royal Bank of Canada lifted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 40.2% during the 1st quarter. Royal Bank of Canada now owns 16,269 shares of the company’s stock valued at $517,000 after acquiring an additional 4,663 shares during the period. Jones Financial Companies Lllp grew its holdings in Invesco S&P 500 Equal Weight Materials ETF by 591.0% in the first quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock worth $141,000 after purchasing an additional 3,960 shares during the period. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 15.8% in the second quarter. Raymond James Financial Inc. now owns 113,478 shares of the company’s stock valued at $3,678,000 after purchasing an additional 15,515 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at $212,000. Finally, Private Advisor Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 8.0% during the third quarter. Private Advisor Group LLC now owns 20,311 shares of the company’s stock valued at $665,000 after purchasing an additional 1,504 shares during the period.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

NYSEARCA RSPM opened at $39.16 on Friday. The stock has a market capitalization of $186.79 million, a P/E ratio of 21.25 and a beta of 0.92. The business has a 50 day simple moving average of $39.76 and a 200 day simple moving average of $39.27. Invesco S&P 500 Equal Weight Materials ETF has a one year low of $30.98 and a one year high of $41.71.

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.