Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) Short Interest Update

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,122 shares, a decrease of 52.6% from the May 31st total of 17,134 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 11,825 shares, the days-to-cover ratio is presently 0.7 days.

Invesco S&P 500 Equal Weight Materials ETF Price Performance

Invesco S&P 500 Equal Weight Materials ETF stock opened at $38.72 on Thursday. The stock has a market cap of $176.56 million, a PE ratio of 21.25 and a beta of 0.92. The stock’s fifty day moving average is $39.13 and its two-hundred day moving average is $38.23. Invesco S&P 500 Equal Weight Materials ETF has a 1-year low of $30.98 and a 1-year high of $41.42.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Materials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in RSPM. Flagship Harbor Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight Materials ETF in the fourth quarter valued at approximately $27,000. Nemes Rush Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Materials ETF during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its position in shares of Invesco S&P 500 Equal Weight Materials ETF by 591.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,630 shares of the company’s stock worth $141,000 after buying an additional 3,960 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Materials ETF during the 2nd quarter worth approximately $212,000. Finally, IMC Chicago LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the 1st quarter valued at $267,000.

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.