Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Get Free Report) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,200 shares, a decline of 42.1% from the May 15th total of 3,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 27,300 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF
A number of institutional investors have recently added to or reduced their stakes in RSPM. Trinity Legacy Partners LLC purchased a new position in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $3,080,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at about $2,873,000. Farther Finance Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter valued at about $799,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 4th quarter valued at about $680,000. Finally, CX Institutional acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 1st quarter worth approximately $295,000.
Invesco S&P 500 Equal Weight Materials ETF Stock Down 1.0%
RSPM opened at $32.38 on Wednesday. Invesco S&P 500 Equal Weight Materials ETF has a 52-week low of $26.63 and a 52-week high of $37.85. The company has a 50 day moving average of $31.16 and a two-hundred day moving average of $32.38. The company has a market cap of $168.38 million, a P/E ratio of 23.10 and a beta of 1.05.
Invesco S&P 500 Equal Weight Materials ETF Company Profile
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.
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