Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Short Interest Update

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,431,393 shares, a decrease of 15.8% from the February 26th total of 1,700,276 shares. Based on an average trading volume of 245,618 shares, the days-to-cover ratio is currently 5.8 days. Currently, 9.4% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Industrials ETF Price Performance

Invesco S&P 500 Equal Weight Industrials ETF stock opened at $56.55 on Monday. The business has a 50-day simple moving average of $60.99 and a two-hundred day simple moving average of $57.99. The company has a market cap of $863.52 million, a P/E ratio of 22.94 and a beta of 1.09. Invesco S&P 500 Equal Weight Industrials ETF has a 52-week low of $42.28 and a 52-week high of $64.16.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RSPN. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 1,022,039.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,831,327 shares of the company’s stock valued at $160,338,000 after buying an additional 2,831,050 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Invesco S&P 500 Equal Weight Industrials ETF by 235.3% in the fourth 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. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 11.1% during the 3rd quarter. Bank of America Corp DE now owns 908,585 shares of the company’s stock worth $50,972,000 after acquiring an additional 90,512 shares during the last quarter. Affinity Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Industrials ETF by 0.7% during the 4th quarter. Affinity Wealth Management LLC now owns 633,237 shares of the company’s stock worth $35,860,000 after acquiring an additional 4,606 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Invesco S&P 500 Equal Weight Industrials ETF by 2.9% during the 4th quarter. LPL Financial LLC now owns 380,323 shares of the company’s stock valued at $21,538,000 after acquiring an additional 10,636 shares during the period.

Invesco S&P 500 Equal Weight Industrials ETF Company Profile

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.