Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Update

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,030,000 shares, a growth of 40.1% from the September 30th total of 735,100 shares. Approximately 8.6% of the company’s stock are sold short. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is presently 15.7 days. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is presently 15.7 days. Approximately 8.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RSPN. CX Institutional raised its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 291.3% during the third quarter. CX Institutional now owns 587 shares of the company’s stock valued at $33,000 after purchasing an additional 437 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the first quarter valued at approximately $47,000. US Bancorp DE increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 53.5% during the first quarter. US Bancorp DE now owns 1,107 shares of the company’s stock valued at $54,000 after buying an additional 386 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at approximately $80,000. Finally, AE Wealth Management LLC increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 12.9% during the second quarter. AE Wealth Management LLC now owns 1,972 shares of the company’s stock valued at $106,000 after buying an additional 225 shares during the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.6%

Invesco S&P 500 Equal Weight Industrials ETF stock traded down $0.36 during trading hours on Monday, hitting $55.58. The stock had a trading volume of 219,346 shares, compared to its average volume of 73,994. The stock has a market capitalization of $702.53 million, a P/E ratio of 22.94 and a beta of 1.09. Invesco S&P 500 Equal Weight Industrials ETF has a 12-month low of $42.28 and a 12-month high of $56.83. The stock’s 50-day moving average price is $55.81 and its 200-day moving average price is $53.93.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of industrial US stocks drawn from the S&P 500. RSPN was launched on Nov 1, 2006 and is managed by Invesco.