Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 2,278,839 shares, a growth of 106.8% from the September 30th total of 1,102,138 shares. Currently, 18.6% of the company’s stock are sold short. Based on an average trading volume of 230,101 shares, the short-interest ratio is presently 9.9 days.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
Large investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth approximately $30,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth approximately $75,000. Firestone Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter worth approximately $204,000. MRA Advisory Group acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth approximately $207,000. Finally, Williams & Novak LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth approximately $208,000.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
NYSEARCA RSPN traded down $0.51 on Friday, hitting $60.55. 621,125 shares of the stock were exchanged, compared to its average volume of 212,581. The business’s fifty day moving average is $59.81 and its 200 day moving average is $61.08. Invesco S&P 500 Equal Weight Industrials ETF has a 52 week low of $53.47 and a 52 week high of $65.49. The company has a market capitalization of $705.41 million, a PE ratio of 22.94 and a beta of 1.00.
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.
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