Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) Shares Shorted: Short Interest Up 1,074.0% in September

Invesco S&P 500 Equal Weight Real Estate ETF (NYSEARCA:RSPR) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 32,403 shares, an increase of 1,074.0% from the September 15th total of 2,760 shares. Based on an average daily volume of 15,206 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.3% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight Real Estate ETF during the second quarter valued at about $4,790,000. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 65.1% in the 1st quarter. Bank of America Corp DE now owns 105,006 shares of the company’s stock worth $3,484,000 after purchasing an additional 41,412 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 Equal Weight Real Estate ETF by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 45,096 shares of the company’s stock worth $1,496,000 after purchasing an additional 6,217 shares in the last quarter. Sheets Smith Wealth Management grew its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 9.0% during the 1st quarter. Sheets Smith Wealth Management now owns 29,322 shares of the company’s stock worth $973,000 after buying an additional 2,413 shares during the last quarter. Finally, Interactive Financial Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight Real Estate ETF by 9.0% during the 1st quarter. Interactive Financial Advisors Inc. now owns 29,297 shares of the company’s stock worth $972,000 after buying an additional 2,416 shares during the last quarter.

Invesco S&P 500 Equal Weight Real Estate ETF Stock Performance

NYSEARCA RSPR traded up $0.60 on Friday, reaching $33.77. 30,014 shares of the stock traded hands, compared to its average volume of 14,217. Invesco S&P 500 Equal Weight Real Estate ETF has a 12 month low of $32.41 and a 12 month high of $38.01. The company has a market cap of $83.75 million, a price-to-earnings ratio of 37.16 and a beta of 0.93. The company has a fifty day moving average price of $35.36 and a 200-day moving average price of $35.70.

About Invesco S&P 500 Equal Weight Real Estate ETF

The Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms. RSPR was launched on Aug 13, 2015 and is managed by Invesco.