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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,025 shares, a growth of 876.5% from the July 15th total of 1,129 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 28,974 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after acquiring an additional 24,285 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after acquiring an additional 42,665 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock worth $9,880,000 after purchasing an additional 20,276 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock worth $9,519,000 after purchasing an additional 6,205 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after buying an additional 40,159 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.9%

Invesco S&P 500 Equal Weight Utilities ETF stock traded up $0.71 during trading hours on Tuesday, hitting $77.34. The stock had a trading volume of 39,200 shares, compared to its average volume of 46,330. The stock has a market cap of $528.23 million, a price-to-earnings ratio of 18.42 and a beta of 0.58. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $72.51 and a one year high of $84.52. The business’s 50 day simple moving average is $80.04 and its 200-day simple moving average is $80.25.

About Invesco S&P 500 Equal Weight Utilities ETF

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.