Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 31,628 shares, a growth of 163.7% from the August 15th total of 11,994 shares. Based on an average daily volume of 19,029 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Materials ETF
A number of large investors have recently made changes to their positions in RSPM. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter valued at approximately $61,000. Allworth Financial LP boosted its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 8.4% during the second quarter. Allworth Financial LP now owns 4,395 shares of the company’s stock valued at $170,000 after purchasing an additional 340 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the second quarter valued at $238,000. Continuum Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter worth about $33,000. Finally, Walker Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 4.3% in the second quarter. Walker Asset Management LLC now owns 9,601 shares of the company’s stock worth $371,000 after purchasing an additional 396 shares during the last quarter.
Invesco S&P 500 Equal Weight Materials ETF Stock Down 0.9%
Invesco S&P 500 Equal Weight Materials ETF stock traded down $0.34 during mid-day trading on Monday, reaching $38.82. 79,176 shares of the company’s stock traded hands, compared to its average volume of 29,576. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $30.98 and a 12-month high of $41.71. The stock has a 50 day moving average of $39.76 and a two-hundred day moving average of $39.26. The company has a market cap of $185.17 million, a price-to-earnings ratio of 21.25 and a beta of 0.92.
About Invesco S&P 500 Equal Weight Materials ETF
The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RSPM was launched on Nov 1, 2006 and is managed by Invesco.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Equal Weight Materials ETF
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
Receive News & Ratings for Invesco S&P 500 Equal Weight Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
