Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Stock Short Interest Report for October

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,836 shares, a decrease of 49.6% from the September 30th total of 11,572 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 12,217 shares, the days-to-cover ratio is presently 0.5 days.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 0.8%

Invesco S&P 500 Equal Weight Materials ETF stock traded up $0.31 during trading hours on Friday, hitting $40.35. The stock had a trading volume of 11,194 shares, compared to its average volume of 27,438. The company has a 50-day moving average of $39.01 and a two-hundred day moving average of $39.02. The company has a market cap of $183.19 million, a PE ratio of 21.25 and a beta of 0.92. Invesco S&P 500 Equal Weight Materials ETF has a fifty-two week low of $30.98 and a fifty-two week high of $41.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RSPM. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 23.3% in the 1st quarter. Bank of America Corp DE now owns 306,662 shares of the company’s stock worth $11,857,000 after purchasing an additional 57,983 shares during the last quarter. Maltin Wealth Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight Materials ETF by 0.9% during the 3rd quarter. Maltin Wealth Management Inc. now owns 99,477 shares of the company’s stock valued at $3,698,000 after purchasing an additional 931 shares during the last quarter. Royal Bank of Canada boosted its position in Invesco S&P 500 Equal Weight Materials ETF by 90.6% in the first quarter. Royal Bank of Canada now owns 84,749 shares of the company’s stock valued at $3,277,000 after buying an additional 40,287 shares in the last quarter. NTV Asset Management LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF in the third quarter valued at about $2,865,000. Finally, Private Advisor Group LLC boosted its position in Invesco S&P 500 Equal Weight Materials ETF by 191.8% in the first quarter. Private Advisor Group LLC now owns 49,354 shares of the company’s stock valued at $1,908,000 after buying an additional 32,440 shares in the last quarter.

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.