Short Interest in Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) Declines By 38.8%

Invesco S&P 500 Equal Weight Technology ETF (NYSEARCA:RSPT) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 406,491 shares, a drop of 38.8% from the August 15th total of 663,759 shares. Based on an average daily volume of 416,841 shares, the short-interest ratio is currently 1.0 days. Currently, 0.4% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Technology ETF Stock Performance

NYSEARCA RSPT traded up $0.34 during trading on Wednesday, reaching $64.14. The company’s stock had a trading volume of 237,986 shares, compared to its average volume of 516,061. The business’s fifty day moving average price is $62.91 and its 200-day moving average price is $57.62. Invesco S&P 500 Equal Weight Technology ETF has a twelve month low of $41.45 and a twelve month high of $67.49. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 26.94 and a beta of 1.34.

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

Several institutional investors have recently added to or reduced their stakes in RSPT. Tidal Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Technology ETF during the 2nd quarter worth $809,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Technology ETF in the second quarter valued at about $206,000. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Technology ETF by 12.3% in the second quarter. NewEdge Advisors LLC now owns 75,790 shares of the company’s stock valued at $4,888,000 after purchasing an additional 8,288 shares during the period. Corient Private Wealth LP boosted its holdings in Invesco S&P 500 Equal Weight Technology ETF by 17.4% during the second quarter. Corient Private Wealth LP now owns 109,572 shares of the company’s stock worth $7,067,000 after buying an additional 16,205 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco S&P 500 Equal Weight Technology ETF during the second quarter worth about $532,000.

About Invesco S&P 500 Equal Weight Technology ETF

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.