Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Increases By 167.5%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 25,140 shares, an increase of 167.5% from the August 15th total of 9,397 shares. Based on an average daily trading volume, of 5,733 shares, the short-interest ratio is presently 4.4 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RSPC. NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the 1st 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 in the last quarter. Yoder Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% in the first quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after buying an additional 282 shares in the last quarter. Walker Asset Management LLC boosted its stake in 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 in the last quarter. Private Advisor Group LLC grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock valued at $802,000 after acquiring an additional 10,482 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at approximately $439,000.

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

Shares of NYSEARCA:RSPC opened at $37.69 on Tuesday. The company’s fifty day moving average price is $36.55 and its 200-day moving average price is $37.19. The firm has a market capitalization of $59.17 million, a price-to-earnings ratio of 17.69 and a beta of 0.87. Invesco S&P 500 Equal Weight Communication Services ETF has a one year low of $34.50 and a one 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.