Short Interest in Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Grows By 34.9%

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 28,501 shares, a growth of 34.9% from the December 15th total of 21,124 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 16,595 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 16,595 shares, the short-interest ratio is currently 1.7 days. Approximately 0.6% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Materials ETF Trading Down 0.8%

Shares of NYSEARCA:RSPM traded down $0.28 during trading on Friday, reaching $36.80. 12,748 shares of the company traded hands, compared to its average volume of 26,241. Invesco S&P 500 Equal Weight Materials ETF has a 52-week low of $26.63 and a 52-week high of $37.22. The firm has a market capitalization of $168.91 million, a price-to-earnings ratio of 21.25 and a beta of 1.06. The business’s fifty day moving average is $33.86 and its 200-day moving average is $33.31.

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. Trinity Legacy Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 0.4% during the second quarter. Trinity Legacy Partners LLC now owns 106,201 shares of the company’s stock valued at $3,538,000 after acquiring an additional 475 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 39.4% in the third quarter. Jones Financial Companies Lllp now owns 2,098 shares of the company’s stock worth $68,000 after purchasing an additional 593 shares during the last quarter. Walker Asset Management LLC increased its holdings 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 valued at $305,000 after purchasing an additional 661 shares during the period. CWM LLC bought a new position in Invesco S&P 500 Equal Weight Materials ETF during the 3rd quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC raised its position in Invesco S&P 500 Equal Weight Materials ETF by 3.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 25,948 shares of the company’s stock valued at $841,000 after purchasing an additional 844 shares during the last quarter.

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.