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) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 4,932 shares, a drop of 84.7% from the November 30th total of 32,298 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 92,536 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 92,536 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.5%

Shares of NYSEARCA RSPU traded up $0.38 during trading on Wednesday, hitting $74.85. 26,930 shares of the company traded hands, compared to its average volume of 42,953. The firm has a market capitalization of $496.26 million, a P/E ratio of 18.42 and a beta of 0.61. The company has a 50-day moving average price of $77.17 and a 200-day moving average price of $75.05. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $62.64 and a 1 year high of $80.94.

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

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock worth $73,000 after acquiring an additional 670 shares during the last quarter. Advisory Services Network LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 2.3% during the 3rd quarter. Advisory Services Network LLC now owns 41,262 shares of the company’s stock worth $3,163,000 after purchasing an additional 944 shares in the last quarter. American Trust raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 1.4% in the third quarter. American Trust now owns 14,315 shares of the company’s stock valued at $1,097,000 after buying an additional 191 shares during the period. Susquehanna International Group LLP lifted its position in Invesco S&P 500 Equal Weight Utilities ETF by 28.4% during the third quarter. Susquehanna International Group LLP now owns 9,454 shares of the company’s stock valued at $725,000 after buying an additional 2,093 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P 500 Equal Weight Utilities ETF by 67.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 14,852 shares of the company’s stock valued at $1,139,000 after buying an additional 5,965 shares in the last quarter.

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.