Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,678,070 shares, an increase of 116.9% from the August 31st total of 773,574 shares. Based on an average trading volume of 610,235 shares, the days-to-cover ratio is presently 2.7 days. Currently, 14.0% of the company’s shares are sold short.
Invesco S&P 500 Equal Weight Industrials ETF Price Performance
Invesco S&P 500 Equal Weight Industrials ETF stock traded down $0.01 during trading hours on Tuesday, reaching $58.57. The company had a trading volume of 144,618 shares, compared to its average volume of 193,755. Invesco S&P 500 Equal Weight Industrials ETF has a 12-month low of $53.47 and a 12-month high of $65.49. The company has a 50-day moving average price of $62.03 and a 200 day moving average price of $61.22. The firm has a market cap of $731.54 million, a price-to-earnings ratio of 22.94 and a beta of 1.00.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Industrials ETF by 235.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,422,350 shares of the company’s stock worth $137,178,000 after acquiring an additional 1,700,000 shares during the period. Annex Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Industrials ETF during the second quarter valued at approximately $33,819,000. Royal Bank of Canada boosted its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 367.2% during the first quarter. Royal Bank of Canada now owns 469,946 shares of the company’s stock valued at $27,059,000 after purchasing an additional 369,358 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the first quarter worth $14,320,000. Finally, Bank of America Corp DE grew its stake in Invesco S&P 500 Equal Weight Industrials ETF by 3.1% in the first quarter. Bank of America Corp DE now owns 973,290 shares of the company’s stock worth $56,042,000 after purchasing an additional 29,387 shares during the period.
About Invesco S&P 500 Equal Weight Industrials ETF
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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