Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Sees Significant Growth in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 125,288 shares, a growth of 367.4% from the June 30th total of 26,803 shares. Based on an average daily volume of 49,982 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.2% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 14.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 824,352 shares of the company’s stock valued at $47,013,000 after acquiring an additional 103,795 shares during the period. United Asset Strategies Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at $3,145,000. Focus Partners Wealth purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter worth $2,163,000. Sykon Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth $1,992,000. Finally, Wells Fargo & Company MN increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 22.7% in the fourth quarter. Wells Fargo & Company MN now owns 154,469 shares of the company’s stock worth $8,809,000 after purchasing an additional 28,616 shares during the period.

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

NYSEARCA RSPD traded up $0.89 during trading on Friday, hitting $54.72. The stock had a trading volume of 145,568 shares, compared to its average volume of 56,483. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a one year low of $50.97 and a one year high of $60.34. The stock has a 50 day simple moving average of $55.15 and a 200 day simple moving average of $56.12. The stock has a market capitalization of $305.34 million, a price-to-earnings ratio of 17.03 and a beta of 1.09.

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.