Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Up 187.0% in February

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 22,900 shares, an increase of 187.0% from the January 29th total of 7,979 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 43,393 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 43,393 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA RSPU traded up $0.04 during mid-day trading on Thursday, reaching $83.55. The company had a trading volume of 9,463 shares, compared to its average volume of 49,844. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $62.64 and a twelve month high of $83.69. The stock’s 50 day moving average is $76.97 and its 200-day moving average is $76.61. The stock has a market capitalization of $549.73 million, a PE ratio of 18.42 and a beta of 0.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Trust acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter worth $1,004,000. Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 12.0% during the 2nd quarter. Osaic Holdings Inc. now owns 155,569 shares of the company’s stock worth $11,074,000 after purchasing an additional 16,674 shares during the last quarter. Studio Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 7.7% during the 3rd quarter. Studio Investment Management LLC now owns 91,967 shares of the company’s stock valued at $7,050,000 after purchasing an additional 6,545 shares during the period. Global Retirement Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter valued at approximately $401,000. Finally, Flaharty Asset Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at approximately $1,257,000.

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.