Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Increases By 54.8%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 489,192 shares, an increase of 54.8% from the March 15th total of 316,030 shares. Based on an average daily volume of 439,850 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

NYSEARCA RSPT traded down $0.03 during trading hours on Tuesday, reaching $48.98. The company’s stock had a trading volume of 175,415 shares, compared to its average volume of 398,993. The stock has a market cap of $4.24 billion, a PE ratio of 26.94 and a beta of 1.23. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $30.63 and a fifty-two week high of $49.41. The company’s 50-day moving average is $46.55 and its two-hundred day moving average is $46.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RSPT. Caldwell Trust Co acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth approximately $28,000. Optiver Holding B.V. acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter worth approximately $34,000. Halbert Hargrove Global Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $43,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $48,000. Finally, Collier Financial bought a new stake in Invesco S&P 500 Equal Weight Technology ETF in the third quarter valued at $62,000.

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.