Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Short Interest Up 54.8% in March

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 489,192 shares, a growth of 54.8% from the March 15th total of 316,030 shares. Based on an average trading volume of 439,850 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the company are short sold.

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

Several large investors have recently added to or reduced their stakes in RSPT. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco S&P 500 Equal Weight Technology ETF by 1.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 87,053 shares of the company’s stock worth $3,962,000 after purchasing an additional 1,508 shares in the last quarter. World Investment Advisors raised its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 65.7% in the fourth quarter. World Investment Advisors now owns 11,119 shares of the company’s stock valued at $506,000 after purchasing an additional 4,407 shares in the last quarter. Corient Private Wealth LLC lifted its position in Invesco S&P 500 Equal Weight Technology ETF by 4.7% in the fourth quarter. Corient Private Wealth LLC now owns 104,221 shares of the company’s stock worth $4,753,000 after purchasing an additional 4,715 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Invesco S&P 500 Equal Weight Technology ETF in the fourth quarter worth $853,000. Finally, Sankala Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Technology ETF during the fourth quarter worth $115,000.

Invesco S&P 500 Equal Weight Technology ETF Stock Up 0.9%

NYSEARCA RSPT traded up $0.45 during midday trading on Wednesday, hitting $49.62. The company had a trading volume of 400,940 shares, compared to its average volume of 401,665. The firm has a fifty day simple moving average of $46.68 and a two-hundred day simple moving average of $46.11. Invesco S&P 500 Equal Weight Technology ETF has a fifty-two week low of $30.63 and a fifty-two week high of $49.64. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 26.94 and a beta of 1.23.

Invesco S&P 500 Equal Weight Technology ETF Company Profile

The Invesco S&P 500 Equal Weight Technology ETF (RSPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of S&P 500 technology companies. RSPT was launched on Nov 1, 2006 and is managed by Invesco.