Short Interest in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Drops By 23.6%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 3,861 shares, a decrease of 23.6% from the January 29th total of 5,053 shares. Based on an average daily volume of 47,636 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 47,636 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.1%

Invesco S&P 500 Equal Weight Materials ETF stock traded down $0.06 during mid-day trading on Monday, hitting $40.34. The company had a trading volume of 24,696 shares, compared to its average volume of 42,335. Invesco S&P 500 Equal Weight Materials ETF has a 1 year low of $26.63 and a 1 year high of $41.42. The stock has a market cap of $187.18 million, a price-to-earnings ratio of 21.25 and a beta of 1.06. The business has a fifty day moving average of $37.57 and a 200 day moving average of $34.52.

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

A number of large investors have recently added to or reduced their stakes in RSPM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 2nd quarter valued at approximately $288,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 2.8% during the fourth quarter. Farther Finance Advisors LLC now owns 25,861 shares of the company’s stock valued at $881,000 after acquiring an additional 715 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter worth about $276,000. Clearstead Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter worth about $280,000. Finally, Nemes Rush Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Materials ETF in the 4th quarter valued at about $27,000.

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.