Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Down 13.5% in February

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,700,276 shares, a drop of 13.5% from the February 12th total of 1,965,690 shares. Based on an average daily trading volume, of 402,462 shares, the short-interest ratio is currently 4.2 days. Currently, 11.1% of the shares of the stock are sold short. Currently, 11.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 402,462 shares, the short-interest ratio is currently 4.2 days.

Institutional Trading of Invesco S&P 500 Equal Weight Industrials ETF

Institutional investors have recently modified their holdings of the stock. Silver Oak Securities Incorporated raised its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 263.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 13,693 shares of the company’s stock worth $768,000 after purchasing an additional 9,929 shares during the last quarter. RFP Financial Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Industrials ETF in the 3rd quarter worth about $8,500,000. Osaic Holdings Inc. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 17.4% in the 2nd quarter. Osaic Holdings Inc. now owns 60,302 shares of the company’s stock worth $3,228,000 after buying an additional 8,931 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Invesco S&P 500 Equal Weight Industrials ETF during the 2nd quarter worth approximately $1,355,000. Finally, Treasure Coast Financial Planning increased its stake in Invesco S&P 500 Equal Weight Industrials ETF by 620.8% during the 3rd quarter. Treasure Coast Financial Planning now owns 32,564 shares of the company’s stock worth $1,827,000 after buying an additional 28,046 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Performance

Invesco S&P 500 Equal Weight Industrials ETF stock opened at $58.54 on Thursday. The stock has a market capitalization of $893.91 million, a P/E ratio of 22.94 and a beta of 1.09. The company’s fifty day moving average price is $61.29 and its 200 day moving average price is $57.86. Invesco S&P 500 Equal Weight Industrials ETF has a 1 year low of $42.28 and a 1 year high of $64.16.

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.