Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Declines By 38.7%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 16,760 shares, a decline of 38.7% from the May 31st total of 27,329 shares. Based on an average trading volume of 46,332 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

NYSEARCA:RSPS opened at $30.78 on Friday. The stock has a market cap of $241.93 million, a P/E ratio of 17.33 and a beta of 0.43. Invesco S&P 500 Equal Weight Consumer Staples ETF has a one year low of $28.21 and a one year high of $33.37. The company has a fifty day moving average price of $29.95 and a 200 day moving average price of $30.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter valued at about $53,000. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the first quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock worth $8,800,000 after buying an additional 40,189 shares in the last quarter. Royal Bank of Canada grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 45.1% during the first quarter. Royal Bank of Canada now owns 20,784 shares of the company’s stock worth $614,000 after buying an additional 6,461 shares in the last quarter. Lido Advisors LLC grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.9% during the first quarter. Lido Advisors LLC now owns 14,778 shares of the company’s stock worth $436,000 after buying an additional 1,083 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% during the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock valued at $5,929,000 after acquiring an additional 25,206 shares during the period.

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.