Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Shares Shorted: Short Interest Up 326.9% in October

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 29,340 shares, a growth of 326.9% from the September 30th total of 6,873 shares. Based on an average trading volume of 68,463 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.4%

Shares of NYSEARCA:RSPU opened at $75.86 on Wednesday. The firm has a market cap of $519.61 million, a price-to-earnings ratio of 18.42 and a beta of 0.55. The company’s fifty day simple moving average is $74.16 and its 200 day simple moving average is $78.45. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $69.29 and a 12 month high of $84.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Simplicity Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 26.5% in the third quarter. Simplicity Wealth LLC now owns 10,814 shares of the company’s stock valued at $758,000 after buying an additional 2,265 shares in the last quarter. Studio Investment Management LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 7.4% in the third quarter. Studio Investment Management LLC now owns 106,933 shares of the company’s stock valued at $7,496,000 after buying an additional 7,379 shares during the period. Redstone Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.1% during the third quarter. Redstone Wealth Management LLC now owns 57,951 shares of the company’s stock valued at $4,062,000 after acquiring an additional 2,810 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.1% during the second quarter. Envestnet Asset Management Inc. now owns 31,345 shares of the company’s stock valued at $2,543,000 after buying an additional 2,871 shares during the last quarter. Finally, Allworth Financial LP grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% in the 2nd quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after purchasing an additional 603 shares in the last quarter.

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.