Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Down 38.8% in August

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 406,491 shares, a decline of 38.8% from the August 15th total of 663,759 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 416,841 shares, the days-to-cover ratio is currently 1.0 days.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.5%

NYSEARCA RSPT traded up $0.34 during mid-day trading on Wednesday, hitting $64.14. The stock had a trading volume of 237,986 shares, compared to its average volume of 516,061. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $41.45 and a 52-week high of $67.49. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34. The company has a 50 day simple moving average of $62.91 and a 200 day simple moving average of $57.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSPT. Root Financial Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth about $33,000. West Branch Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at about $35,000. FAS Wealth Partners Inc. purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at about $48,000. Markowski Investments purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at about $64,000. Finally, Western Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $68,000.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

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.