Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Down 59.0% in July

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 July. As of July 15th, there was short interest totaling 7,483 shares, a decrease of 59.0% from the June 30th total of 18,257 shares. Based on an average daily trading volume, of 22,684 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $3,600,000. Paller Financial Services Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at approximately $2,761,000. Park Avenue Securities LLC boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% during the fourth quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock valued at $451,000 after buying an additional 719 shares during the last quarter. Lido Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after buying an additional 326 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in 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 worth $6,365,000 after buying an additional 4,368 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of NYSEARCA RSPC opened at $34.82 on Monday. The stock has a market capitalization of $54.67 million, a P/E ratio of 17.69 and a beta of 0.87. The company has a 50-day moving average price of $36.40 and a 200-day moving average price of $37.66. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $34.50 and a 1 year high of $41.47.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

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.