Short Interest in Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) Rises By 40.1%

Invesco S&P 500 Equal Weight Industrials ETF (NYSEARCA:RSPN) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,030,000 shares, an increase of 40.1% from the September 30th total of 735,100 shares. Based on an average trading volume of 65,800 shares, the short-interest ratio is currently 15.7 days. Approximately 8.6% of the company’s stock are sold short. Approximately 8.6% of the company’s stock are sold short. Based on an average trading volume of 65,800 shares, the short-interest ratio is currently 15.7 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 36.5% in the first quarter. Stratos Wealth Partners LTD. now owns 8,530 shares of the company’s stock worth $417,000 after purchasing an additional 2,281 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 7.6% in the second quarter. Focus Financial Network Inc. now owns 9,848 shares of the company’s stock worth $527,000 after purchasing an additional 699 shares in the last quarter. US Bancorp DE boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 53.5% in the first quarter. US Bancorp DE now owns 1,107 shares of the company’s stock worth $54,000 after purchasing an additional 386 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 18.1% in the second quarter. Park Avenue Securities LLC now owns 8,372 shares of the company’s stock worth $448,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight Industrials ETF by 11.2% in the first quarter. Envestnet Asset Management Inc. now owns 14,211 shares of the company’s stock worth $695,000 after purchasing an additional 1,428 shares in the last quarter.

Invesco S&P 500 Equal Weight Industrials ETF Stock Down 0.5%

Invesco S&P 500 Equal Weight Industrials ETF stock opened at $55.30 on Wednesday. The company’s fifty day simple moving average is $55.79 and its 200-day simple moving average is $53.99. Invesco S&P 500 Equal Weight Industrials ETF has a 12 month low of $42.28 and a 12 month high of $56.83. The stock has a market cap of $698.99 million, a P/E ratio of 22.94 and a beta of 1.09.

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.