Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Sees Significant Decline in Short Interest

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,791 shares, a decrease of 43.0% from the September 15th total of 11,904 shares. Based on an average trading volume of 4,230 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

Several large investors have recently modified their holdings of RSPC. Walker Asset Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the second quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock worth $882,000 after buying an additional 1,188 shares during the period. NewEdge Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,366,000 after buying an additional 4,368 shares during the last quarter. Lido Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the 1st quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock worth $257,000 after purchasing an additional 326 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 1st quarter valued at about $57,000. Finally, Private Advisor Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the 1st quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock worth $802,000 after acquiring an additional 10,482 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 2.1%

Shares of NYSEARCA RSPC traded up $0.72 during midday trading on Thursday, hitting $35.51. The stock had a trading volume of 5,761 shares, compared to its average volume of 12,275. The company has a market cap of $54.32 million, a P/E ratio of 17.69 and a beta of 0.89. Invesco S&P 500 Equal Weight Communication Services ETF has a 52 week low of $34.50 and a 52 week high of $40.13. The business’s 50 day moving average is $36.36 and its 200-day moving average is $36.76.

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.