Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 38,680 shares, an increase of 285.1% from the April 15th total of 10,043 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 90,766 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 0.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF stock traded up $0.02 during mid-day trading on Wednesday, reaching $29.74. The company’s stock had a trading volume of 32,593 shares, compared to its average volume of 114,318. The firm has a market cap of $245.95 million, a price-to-earnings ratio of 17.33 and a beta of 0.43. The business has a 50 day moving average price of $29.90 and a 200-day moving average price of $30.09. Invesco S&P 500 Equal Weight Consumer Staples ETF has a twelve month low of $28.21 and a twelve month high of $33.37.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Yoder Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.2% during the first quarter. Yoder Wealth Management Inc. now owns 32,886 shares of the company’s stock valued at $970,000 after purchasing an additional 395 shares in the last quarter. Friedenthal Financial raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 4.5% during the first quarter. Friedenthal Financial now owns 57,517 shares of the company’s stock valued at $1,697,000 after purchasing an additional 2,491 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter valued at about $661,000. Cary Street Partners Financial LLC raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 22.4% during the fourth quarter. Cary Street Partners Financial LLC now owns 9,017 shares of the company’s stock valued at $262,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Consolidated Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at about $1,737,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.