Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Increases By 331.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 52,600 shares, a growth of 331.1% from the May 15th total of 12,200 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 58,600 shares, the days-to-cover ratio is currently 0.9 days.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Down 1.2%

Shares of Invesco S&P 500 Equal Weight Consumer Staples ETF stock opened at $29.98 on Friday. Invesco S&P 500 Equal Weight Consumer Staples ETF has a twelve month low of $28.40 and a twelve month high of $32.89. The company has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $30.21. The stock has a market capitalization of $263.22 million, a price-to-earnings ratio of 19.57 and a beta of 0.54.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vista Investment Management grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 4.5% during the 4th quarter. Vista Investment Management now owns 9,161 shares of the company’s stock worth $276,000 after acquiring an additional 398 shares during the last quarter. Walker Asset Management LLC grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 3.0% during the 1st quarter. Walker Asset Management LLC now owns 16,575 shares of the company’s stock worth $511,000 after acquiring an additional 485 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 2.9% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 17,986 shares of the company’s stock worth $541,000 after acquiring an additional 503 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 2,937.5% during the 4th quarter. McClarren Financial Advisors Inc. now owns 972 shares of the company’s stock worth $29,000 after acquiring an additional 940 shares during the last quarter. Finally, Friedenthal Financial grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 2.2% during the 1st quarter. Friedenthal Financial now owns 49,413 shares of the company’s stock worth $1,523,000 after acquiring an additional 1,076 shares during the last quarter.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.