Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Sees Large Decline in Short Interest

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 5,053 shares, a drop of 61.5% from the January 15th total of 13,108 shares. Based on an average daily volume of 67,773 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 67,773 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Altfest L J & Co. Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter worth $4,424,000. Friedenthal Financial grew its position in Invesco S&P 500 Equal Weight Materials ETF by 2.2% during the fourth quarter. Friedenthal Financial now owns 128,356 shares of the company’s stock worth $4,374,000 after buying an additional 2,757 shares in the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Equal Weight Materials ETF by 15.8% in the 2nd quarter. Raymond James Financial Inc. now owns 113,478 shares of the company’s stock worth $3,678,000 after acquiring an additional 15,515 shares during the last quarter. Maltin Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 3.4% in the 4th quarter. Maltin Wealth Management Inc. now owns 69,741 shares of the company’s stock valued at $2,377,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Materials ETF by 512.5% in the 4th quarter. Merit Financial Group LLC now owns 46,001 shares of the company’s stock valued at $1,568,000 after acquiring an additional 38,491 shares in the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Stock Up 1.6%

Shares of RSPM opened at $40.47 on Wednesday. Invesco S&P 500 Equal Weight Materials ETF has a twelve month low of $26.63 and a twelve month high of $40.51. The stock has a market cap of $187.78 million, a PE ratio of 21.25 and a beta of 1.06. The business’s 50-day moving average price is $35.76 and its 200-day moving average price is $33.80.

Invesco S&P 500 Equal Weight Materials ETF Company Profile

The Invesco S&P 500 Equal Weight Materials ETF (RSPM) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Materials index. The fund tracks an equal-weighted index of US materials companies in the S&P 500. RSPM was launched on Nov 1, 2006 and is managed by Invesco.