Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Update

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 489,192 shares, a growth of 54.8% from the March 15th total of 316,030 shares. Based on an average trading volume of 439,850 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s shares are sold short.

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

A number of hedge funds have recently modified their holdings of RSPT. Brighton Jones LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter valued at about $238,000. Goldman Sachs Group Inc. increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 172.9% in the first quarter. Goldman Sachs Group Inc. now owns 467,582 shares of the company’s stock valued at $15,991,000 after acquiring an additional 296,259 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at about $3,490,000. Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Technology ETF in the first quarter valued at about $1,096,000. Finally, Focus Partners Wealth increased its position in shares of Invesco S&P 500 Equal Weight Technology ETF by 612.3% in the first quarter. Focus Partners Wealth now owns 7,486 shares of the company’s stock valued at $256,000 after acquiring an additional 6,435 shares during the period.

Invesco S&P 500 Equal Weight Technology ETF Trading Up 0.9%

RSPT stock opened at $49.62 on Thursday. The firm’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $46.11. Invesco S&P 500 Equal Weight Technology ETF has a 12-month low of $30.63 and a 12-month high of $49.64. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 26.94 and a beta of 1.23.

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.