Short Interest in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Drops By 35.2%

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 50,103 shares, a drop of 35.2% from the May 31st total of 77,296 shares. Based on an average daily trading volume, of 56,316 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the shares of the stock are short sold.

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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock opened at $56.42 on Friday. The stock has a 50-day simple moving average of $54.82 and a 200 day simple moving average of $56.38. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 12-month low of $50.97 and a 12-month high of $60.34. The stock has a market capitalization of $309.18 million, a price-to-earnings ratio of 17.03 and a beta of 1.09.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Dedication LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth about $26,000. Fifth Third Bancorp bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter valued at approximately $34,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 11,840.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,194 shares of the company’s stock valued at $70,000 after purchasing an additional 1,184 shares in the last quarter.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

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