Short Interest in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Drops By 56.0%

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 13,010 shares, a drop of 56.0% from the December 31st total of 29,580 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 30,002 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 30,002 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 27.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 645,873 shares of the company’s stock worth $34,367,000 after buying an additional 138,532 shares during the period. United Asset Strategies Inc. purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth approximately $3,145,000. Leuthold Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 187.4% in the 3rd quarter. Leuthold Group LLC now owns 68,409 shares of the company’s stock worth $3,947,000 after acquiring an additional 44,604 shares during the period. Sykon Capital LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter valued at approximately $1,992,000. Finally, Precedent Wealth Partners LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the fourth quarter valued at approximately $1,696,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Up 0.5%

Shares of NYSEARCA RSPD traded up $0.28 during midday trading on Thursday, hitting $58.44. The stock had a trading volume of 80,225 shares, compared to its average volume of 28,859. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 1-year low of $43.47 and a 1-year high of $59.99. The company has a fifty day moving average price of $57.78 and a 200 day moving average price of $57.04. The company has a market capitalization of $229.67 million, a price-to-earnings ratio of 17.03 and a beta of 1.21.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

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