Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 324,043 shares, a decrease of 47.1% from the June 30th total of 612,492 shares. Based on an average daily trading volume, of 915,049 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.
Invesco S&P 500 Equal Weight Technology ETF Stock Down 1.4%
Invesco S&P 500 Equal Weight Technology ETF stock traded down $0.82 during mid-day trading on Wednesday, hitting $58.48. 704,678 shares of the company’s stock traded hands, compared to its average volume of 524,678. The firm has a 50 day moving average price of $62.15 and a 200 day moving average price of $53.48. The company has a market cap of $5.31 billion, a PE ratio of 26.94 and a beta of 1.33. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $40.29 and a one year high of $67.49.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Technology ETF
A number of hedge funds and other institutional investors have recently modified their holdings of RSPT. Brighton Jones LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $238,000. Goldman Sachs Group Inc. raised its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock worth $15,991,000 after buying an additional 296,259 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $3,490,000. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the 1st quarter worth approximately $1,096,000. Finally, Focus Partners Wealth boosted its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 612.3% in the first quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock valued at $256,000 after acquiring an additional 6,435 shares in the last quarter.
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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