Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Decreases By 69.5%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 22,343 shares, a decline of 69.5% from the June 30th total of 73,270 shares. Based on an average daily trading volume, of 72,777 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Staples ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the 1st quarter worth approximately $53,000. CWM LLC lifted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% in the 4th quarter. CWM LLC now owns 3,518 shares of the company’s stock valued at $102,000 after buying an additional 2,643 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock valued at $144,000 after buying an additional 1,435 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 3rd quarter valued at approximately $144,000. Finally, Strive Financial Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 4th quarter valued at $191,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 1.1%

Shares of NYSEARCA RSPS opened at $30.50 on Friday. The company’s 50-day moving average price is $30.20 and its 200 day moving average price is $30.45. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52 week low of $28.21 and a 52 week high of $33.37. The stock has a market cap of $246.75 million, a price-to-earnings ratio of 17.33 and a beta of 0.43.

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.