Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 25,140 shares, an increase of 167.5% from the August 15th total of 9,397 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 5,733 shares, the days-to-cover ratio is currently 4.4 days.
Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance
Shares of RSPC stock opened at $36.90 on Friday. The stock’s 50 day simple moving average is $36.51 and its 200 day simple moving average is $37.20. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $34.50 and a twelve month high of $41.47. The company has a market capitalization of $57.93 million, a price-to-earnings ratio of 17.69 and a beta of 0.87.
Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF
A number of institutional investors and hedge funds have recently modified their holdings of RSPC. Raleigh Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter valued at $57,000. Jane Street Group LLC bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter valued at about $206,000. Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after acquiring an additional 326 shares during the period. Hills Bank & Trust Co acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at about $292,000. Finally, Captrust Financial Advisors bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth about $379,000.
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.
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