Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 791 shares, a drop of 50.0% from the April 15th total of 1,583 shares. Based on an average daily trading volume, of 6,054 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

Large investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 4th quarter worth approximately $37,000. Raleigh Capital Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter worth approximately $57,000. Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 3rd quarter worth approximately $200,000. Mendel Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 3rd quarter worth approximately $202,000. Finally, Jane Street Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter worth approximately $206,000.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.8%

Shares of RSPC stock traded down $0.31 during trading hours on Friday, reaching $37.43. The company’s stock had a trading volume of 5,851 shares, compared to its average volume of 12,787. The stock has a market capitalization of $63.26 million, a P/E ratio of 17.69 and a beta of 0.87. Invesco S&P 500 Equal Weight Communication Services ETF has a one year low of $35.76 and a one year high of $41.47. The firm’s fifty day simple moving average is $38.02 and its 200 day simple moving average is $38.60.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.