Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Drop in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,477 shares, a drop of 80.6% from the May 31st total of 7,615 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 34,782 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 828,100.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,846 shares of the company’s stock valued at $1,905,000 after purchasing an additional 24,843 shares during the period. Denver Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the 4th quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after purchasing an additional 81,253 shares during the period. Harbour Investments Inc. grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 510.9% during the 4th quarter. Harbour Investments Inc. now owns 26,341 shares of the company’s stock valued at $1,970,000 after buying an additional 22,029 shares in the last quarter. World Investment Advisors purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at about $1,411,000. Finally, Victory Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at about $1,111,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.8%

NYSEARCA RSPU opened at $81.91 on Friday. The firm’s 50-day simple moving average is $79.70 and its two-hundred day simple moving average is $79.02. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $69.90 and a 52 week high of $84.52. The company has a market cap of $584.84 million, a PE ratio of 18.42 and a beta of 0.58.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.