Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 24,547 shares, a growth of 535.8% from the February 12th total of 3,861 shares. Based on an average daily volume of 26,683 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 26,683 shares, the short-interest ratio is currently 0.9 days.

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

Large investors have recently modified their holdings of the company. Lido Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 4.6% during the 4th quarter. Lido Advisors LLC now owns 8,448 shares of the company’s stock valued at $277,000 after acquiring an additional 373 shares during the period. Jones Financial Companies Lllp raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 39.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock worth $68,000 after acquiring an additional 593 shares during the period. Walker Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight Materials ETF by 7.6% during the 3rd quarter. Walker Asset Management LLC now owns 9,305 shares of the company’s stock worth $305,000 after acquiring an additional 661 shares during the period. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 715 shares in the last quarter. Finally, CWM LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF during the third quarter valued at approximately $25,000.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.5%

RSPM stock traded up $0.20 on Thursday, hitting $38.48. The company had a trading volume of 38,330 shares, compared to its average volume of 41,942. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $26.63 and a 12-month high of $41.42. The stock has a market cap of $178.55 million, a price-to-earnings ratio of 21.25 and a beta of 1.06. The stock’s 50-day simple moving average is $38.38 and its 200 day simple moving average is $34.86.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

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.