Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,278,839 shares, a growth of 106.8% from the September 30th total of 1,102,138 shares. Based on an average trading volume of 230,101 shares, the short-interest ratio is currently 9.9 days. Approximately 18.6% of the company’s stock are short sold.
Invesco S&P 500 Equal Weight Industrials ETF Trading Down 0.8%
RSPN traded down $0.51 on Friday, hitting $60.55. 621,125 shares of the company’s stock traded hands, compared to its average volume of 212,581. The firm has a market cap of $820.45 million, a price-to-earnings ratio of 22.94 and a beta of 1.00. The company’s 50 day simple moving average is $59.81 and its 200-day simple moving average is $61.08. Invesco S&P 500 Equal Weight Industrials ETF has a one year low of $53.47 and a one year high of $65.49.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Industrials ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Brian Low Financial Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 3.8% during the 3rd quarter. Brian Low Financial Group LLC now owns 13,781 shares of the company’s stock worth $798,000 after buying an additional 501 shares during the last quarter. Victory Financial Group LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF during the 3rd quarter worth $458,000. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at $304,000. Park Avenue Securities LLC acquired a new position in Invesco S&P 500 Equal Weight Industrials ETF in the third quarter valued at about $211,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Industrials ETF during the third quarter valued at $248,000.
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.
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