Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 9,644 shares, an increase of 235.3% from the November 30th total of 2,876 shares. Based on an average daily volume of 6,840 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 6,840 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Grimes & Company Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 2nd quarter valued at $6,509,000. NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% during the second quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock valued at $6,370,000 after acquiring an additional 125,388 shares during the last quarter. Sykon Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth approximately $2,039,000. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% during the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock worth $3,493,000 after acquiring an additional 45,405 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 3,726.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 35,391 shares of the company’s stock worth $1,354,000 after acquiring an additional 34,466 shares during the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Down 0.1%

Shares of RSPC opened at $39.89 on Friday. The business’s 50-day moving average price is $39.03 and its 200-day moving average price is $38.78. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $31.24 and a twelve month high of $41.47. The stock has a market cap of $73.80 million, a PE ratio of 17.69 and a beta of 1.02.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.