Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,112 shares, a decline of 48.3% from the June 30th total of 4,085 shares. Based on an average trading volume of 9,607 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Real Estate ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its position in Invesco S&P 500 Equal Weight Real Estate ETF by 19.8% during the fourth quarter. IFP Advisors Inc now owns 281,946 shares of the company’s stock valued at $9,482,000 after buying an additional 46,630 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% during the 1st quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock valued at $3,484,000 after purchasing an additional 41,412 shares during the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 27.1% in the 3rd quarter. Raymond James Financial Inc. now owns 160,659 shares of the company’s stock worth $5,696,000 after acquiring an additional 34,218 shares during the last quarter. Sykon Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight Real Estate ETF during the fourth quarter valued at $898,000. Finally, Goldman Sachs Group Inc. grew its position in Invesco S&P 500 Equal Weight Real Estate ETF by 159.3% in the first quarter. Goldman Sachs Group Inc. now owns 25,179 shares of the company’s stock worth $899,000 after acquiring an additional 15,467 shares in the last quarter.
Invesco S&P 500 Equal Weight Real Estate ETF Trading Up 0.0%
NYSEARCA:RSPR traded up $0.01 on Wednesday, reaching $37.81. 10,719 shares of the stock traded hands, compared to its average volume of 14,379. The company has a market capitalization of $107.76 million, a price-to-earnings ratio of 37.16 and a beta of 0.93. The company’s fifty day simple moving average is $36.70 and its 200 day simple moving average is $35.46. Invesco S&P 500 Equal Weight Real Estate ETF has a 12 month low of $32.41 and a 12 month high of $38.00.
About Invesco S&P 500 Equal Weight Real Estate ETF
The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.
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