Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Large Decrease in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,715 shares, a decline of 56.8% from the April 30th total of 38,680 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 81,257 shares, the short-interest ratio is presently 0.2 days.

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

RSPS traded down $0.39 during trading on Friday, hitting $29.75. The company had a trading volume of 28,236 shares, compared to its average volume of 111,116. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1-year low of $28.21 and a 1-year high of $33.37. The company has a market cap of $246.03 million, a PE ratio of 17.33 and a beta of 0.43. The business has a 50-day moving average of $29.60 and a 200-day moving average of $30.18.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 4.2% during the fourth quarter. Allworth Financial LP now owns 7,946 shares of the company’s stock worth $231,000 after purchasing an additional 322 shares during the last quarter. Yoder Wealth Management Inc. increased its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.2% in the first quarter. Yoder Wealth Management Inc. now owns 32,886 shares of the company’s stock valued at $970,000 after buying an additional 395 shares during the last quarter. Osaic Holdings Inc. raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% during the fourth quarter. Osaic Holdings Inc. now owns 43,452 shares of the company’s stock valued at $1,261,000 after buying an additional 419 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% during the fourth quarter. Farther Finance Advisors LLC now owns 45,922 shares of the company’s stock valued at $1,333,000 after buying an additional 460 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 10.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 7,124 shares of the company’s stock worth $207,000 after buying an additional 666 shares during the last quarter.

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.