Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 5,920 shares, a decline of 72.5% from the January 15th total of 21,512 shares. Based on an average daily volume of 10,621 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 10,621 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of RSPC. Laurel Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter worth approximately $37,000. Benjamin Edwards Inc. bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth $200,000. Mendel Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at $202,000. Jane Street Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the first quarter valued at about $206,000. Finally, Lido Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% during the 2nd quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock worth $252,000 after buying an additional 592 shares during the period.

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

RSPC stock traded down $0.38 during midday trading on Wednesday, hitting $38.51. The company’s stock had a trading volume of 8,516 shares, compared to its average volume of 22,368. The company’s fifty day moving average price is $39.23 and its 200 day moving average price is $39.14. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $31.24 and a twelve month high of $41.47. The stock has a market capitalization of $73.17 million, a P/E ratio of 17.69 and a beta of 1.02.

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.