Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Stock Short Interest Climbs 56.6%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,717 shares, an increase of 56.6% from the August 31st total of 2,374 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 53,986 shares, the short-interest ratio is currently 0.1 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.5%

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded down $0.37 during trading hours on Wednesday, hitting $70.10. 164,254 shares of the company’s stock traded hands, compared to its average volume of 49,478. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $69.29 and a twelve month high of $84.52. The company has a market cap of $472.47 million, a PE ratio of 18.42 and a beta of 0.56. The stock has a 50 day simple moving average of $76.33 and a 200-day simple moving average of $79.03.

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

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock worth $34,628,000 after purchasing an additional 10,829 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock worth $9,519,000 after buying an additional 6,205 shares in the last quarter. Studio Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.5% during the second quarter. Studio Investment Management LLC now owns 99,554 shares of the company’s stock worth $8,077,000 after buying an additional 5,160 shares in the last quarter. Denver Wealth Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 584.4% in the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after buying an additional 81,253 shares during the last quarter. Finally, Baer Investment Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at $4,848,000.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.