Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Short Interest Up 337.2% in June

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 73,270 shares, an increase of 337.2% from the June 15th total of 16,760 shares. Based on an average daily trading volume, of 69,230 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

RSPS traded up $0.40 during trading on Friday, reaching $30.46. 50,117 shares of the company’s stock were exchanged, compared to its average volume of 100,958. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1 year low of $28.21 and a 1 year high of $33.37. The company’s fifty day simple moving average is $30.03 and its 200-day simple moving average is $30.35. The stock has a market capitalization of $248.25 million, a P/E ratio of 17.33 and a beta of 0.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter valued at $53,000. CWM LLC raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% during the 4th quarter. CWM LLC now owns 3,518 shares of the company’s stock valued at $102,000 after buying an additional 2,643 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock valued at $144,000 after buying an additional 1,435 shares during the period. Advisory Services Network LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 3rd quarter valued at about $144,000. Finally, Strive Financial Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter valued at about $191,000.

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

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.