Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Significant Decrease in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,129 shares, a drop of 85.0% from the June 30th total of 7,514 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 30,945 shares, the short-interest ratio is currently 0.0 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Main Street Group LTD bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth about $30,000. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at approximately $38,000. Hollencrest Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter valued at approximately $45,000. Anchor Investment Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after buying an additional 202 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of 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 valued at $73,000 after buying an additional 670 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded up $0.17 on Friday, reaching $82.33. The company had a trading volume of 15,914 shares, compared to its average volume of 47,542. The firm has a market cap of $558.20 million, a price-to-earnings ratio of 18.42 and a beta of 0.57. The firm’s 50-day moving average price is $80.13 and its two-hundred day moving average price is $79.94. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $72.51 and a 1 year high of $84.52.

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.