Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Sees Large Growth in Short Interest

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,544 shares, a growth of 111.9% from the January 29th total of 5,920 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 28,651 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 28,651 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% during the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock worth $252,000 after buying an additional 592 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% in the 4th quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock valued at $2,424,000 after purchasing an additional 701 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% in the 4th quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock worth $451,000 after purchasing an additional 719 shares during the period. Yoder Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 2.5% in the third quarter. Yoder Wealth Management Inc. now owns 33,044 shares of the company’s stock valued at $1,363,000 after purchasing an additional 794 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at approximately $37,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 1.6%

Shares of RSPC stock traded up $0.61 on Friday, hitting $39.31. The company had a trading volume of 54,521 shares, compared to its average volume of 19,703. 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 firm has a market cap of $74.69 million, a P/E ratio of 17.69 and a beta of 1.02. The company has a 50-day moving average price of $38.93 and a 200-day moving average price of $39.19.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.