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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,374 shares, a decline of 70.4% from the August 15th total of 8,025 shares. Based on an average daily volume of 65,578 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Main Street Group LTD bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth about $30,000. Anchor Investment Management LLC increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after purchasing an additional 202 shares in the last quarter. Fifth Third Bancorp purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth about $88,000. Allworth Financial LP raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% in the second quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after buying an additional 603 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth approximately $157,000.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

RSPU stock traded down $0.89 on Monday, reaching $74.13. 21,760 shares of the company traded hands, compared to its average volume of 47,436. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $73.38 and a one year high of $84.52. The company has a market cap of $506.31 million, a P/E ratio of 18.42 and a beta of 0.56. The firm has a fifty day simple moving average of $78.52 and a 200-day simple moving average of $79.98.

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.