Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 612,492 shares, a growth of 111.9% from the June 15th total of 289,095 shares. Based on an average daily volume of 857,581 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are short sold.
Invesco S&P 500 Equal Weight Technology ETF Trading Down 2.0%
Shares of NYSEARCA:RSPT traded down $1.26 during trading on Wednesday, reaching $60.80. 1,089,260 shares of the company traded hands, compared to its average volume of 506,197. Invesco S&P 500 Equal Weight Technology ETF has a 52-week low of $40.28 and a 52-week high of $67.49. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 26.94 and a beta of 1.33. The business’s fifty day moving average is $61.74 and its 200-day moving average is $52.52.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF
A number of large investors have recently added to or reduced their stakes in RSPT. Root Financial Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the first quarter worth about $33,000. West Branch Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter valued at about $35,000. Halbert Hargrove Global Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at about $43,000. FAS Wealth Partners Inc. bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the 1st quarter valued at approximately $48,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF during the 4th quarter valued at approximately $48,000.
About Invesco S&P 500 Equal Weight Technology ETF
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.
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