Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Declines By 47.1%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 324,043 shares, a drop of 47.1% from the June 30th total of 612,492 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 915,049 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RSPT. Graham Capital Wealth Management LLC boosted its position in Invesco S&P 500 Equal Weight Technology ETF by 15.8% during the fourth quarter. Graham Capital Wealth Management LLC now owns 180,329 shares of the company’s stock valued at $8,207,000 after purchasing an additional 24,599 shares in the last quarter. Ethos Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter valued at $1,118,000. Global Assets Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth about $588,000. Wealth Enhancement Trust Services Inc. acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at approximately $444,000. Finally, Hills Bank & Trust Co purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $1,250,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

NYSEARCA RSPT traded up $0.34 during trading on Friday, hitting $60.42. The stock had a trading volume of 587,351 shares, compared to its average volume of 524,813. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $40.29 and a one year high of $67.49. The stock has a 50 day simple moving average of $62.16 and a 200 day simple moving average of $53.70. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33.

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.