Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Grows By 28.4%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 383,681 shares, an increase of 28.4% from the January 15th total of 298,866 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 373,607 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 373,607 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Technology ETF Price Performance

Invesco S&P 500 Equal Weight Technology ETF stock opened at $46.63 on Wednesday. The firm has a 50-day moving average of $46.72 and a 200-day moving average of $44.85. Invesco S&P 500 Equal Weight Technology ETF has a one year low of $28.52 and a one year high of $48.96. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Caldwell Trust Co acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at $28,000. Optiver Holding B.V. bought a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF during the 3rd quarter worth about $34,000. Advisors Preferred LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 2nd quarter valued at about $32,000. Halbert Hargrove Global Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $43,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the 4th quarter valued at about $48,000.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.