Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Stock Short Interest Declines 63.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 17,657 shares, a drop of 63.1% from the September 30th total of 47,868 shares. Based on an average daily volume of 118,265 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Staples ETF

Several hedge funds and other institutional investors have recently modified their holdings of RSPS. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the first quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock worth $8,800,000 after acquiring an additional 40,189 shares during the period. Cetera Investment Advisers increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% during the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock worth $5,929,000 after purchasing an additional 25,206 shares during the period. Apollon Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter worth approximately $480,000. Miller Howard Investments Inc. NY bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter worth approximately $1,480,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the second quarter worth approximately $39,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

RSPS stock traded up $0.42 during midday trading on Friday, reaching $31.53. 247,267 shares of the company were exchanged, compared to its average volume of 176,774. The business has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $30.51. Invesco S&P 500 Equal Weight Consumer Staples ETF has a one year low of $28.21 and a one year high of $33.37. The firm has a market capitalization of $253.82 million, a price-to-earnings ratio of 17.33 and a beta of 0.43.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.