Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 32,403 shares, a growth of 1,074.0% from the September 15th total of 2,760 shares. Based on an average trading volume of 15,206 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the company’s stock are sold short.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Real Estate ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the 2nd quarter valued at about $4,790,000. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the first quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock worth $3,484,000 after buying an additional 41,412 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF in the second quarter worth about $308,000. Cetera Investment Advisers grew its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 16.0% during the first quarter. Cetera Investment Advisers now owns 45,096 shares of the company’s stock worth $1,496,000 after acquiring an additional 6,217 shares during the period. Finally, Interactive Financial Advisors Inc. grew its holdings in Invesco S&P 500 Equal Weight Real Estate ETF by 9.0% during the first quarter. Interactive Financial Advisors Inc. now owns 29,297 shares of the company’s stock worth $972,000 after acquiring an additional 2,416 shares during the period.
Invesco S&P 500 Equal Weight Real Estate ETF Stock Up 1.8%
Shares of RSPR traded up $0.60 during mid-day trading on Friday, hitting $33.77. 30,014 shares of the company traded hands, compared to its average volume of 14,217. The company has a market capitalization of $83.75 million, a PE ratio of 37.16 and a beta of 0.93. The business has a 50 day moving average of $35.36 and a 200 day moving average of $35.70. Invesco S&P 500 Equal Weight Real Estate ETF has a 1-year low of $32.41 and a 1-year high of $38.01.
Invesco S&P 500 Equal Weight Real Estate ETF Company Profile
The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.
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