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

by · The Markets Daily

Invesco S&P 500 Equal Weight Materials ETF (NYSEARCA:RSPM – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 21,124 shares, an increase of 347.6% from the November 30th total of 4,719 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 27,412 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 27,412 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Materials ETF

A number of large investors have recently made changes to their positions in RSPM. Ameritas Advisory Services LLC bought a new stake in Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at about $162,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Invesco S&P 500 Equal Weight Materials ETF during the 2nd quarter worth $288,000. Cullen Frost Bankers Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Materials ETF in the second quarter valued at approximately $119,000. Farther Finance Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Materials ETF by 3.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 25,948 shares of the company’s stock valued at $841,000 after purchasing an additional 844 shares in the last quarter. Finally, Friedenthal Financial grew its stake in shares of Invesco S&P 500 Equal Weight Materials ETF by 6.2% in the 2nd quarter. Friedenthal Financial now owns 117,680 shares of the company’s stock worth $3,814,000 after purchasing an additional 6,826 shares during the last quarter.

Invesco S&P 500 Equal Weight Materials ETF Trading Up 0.3%

Shares of NYSEARCA RSPM opened at $34.35 on Thursday. The business’s fifty day simple moving average is $32.76 and its 200-day simple moving average is $32.96. The stock has a market cap of $162.48 million, a P/E ratio of 21.25 and a beta of 1.06. Invesco S&P 500 Equal Weight Materials ETF has a 12-month low of $26.63 and a 12-month high of $34.76.

About Invesco S&P 500 Equal Weight Materials ETF

(Get Free Report)

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.

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