Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Expands By 28.4%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 383,681 shares, an increase of 28.4% from the January 15th total of 298,866 shares. Based on an average trading volume of 373,607 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 373,607 shares, the days-to-cover ratio is presently 1.0 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSPT. Caldwell Trust Co bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter worth about $28,000. Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the third quarter worth $34,000. Advisors Preferred LLC bought a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the second quarter valued at $32,000. Halbert Hargrove Global Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter worth about $43,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $48,000.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 1.5%

RSPT stock traded up $0.71 during trading on Monday, hitting $47.16. The company had a trading volume of 327,036 shares, compared to its average volume of 362,051. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $28.52 and a fifty-two week high of $48.96. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26. The business has a 50 day moving average of $46.71 and a 200 day moving average of $44.77.

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.