Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Sees Large Decrease in Short Interest

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,904 shares, a drop of 52.6% from the August 31st total of 25,140 shares. Based on an average daily volume of 6,034 shares, the short-interest ratio is presently 2.0 days. Currently, 0.8% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Down 0.6%

Invesco S&P 500 Equal Weight Communication Services ETF stock traded down $0.21 during trading on Tuesday, hitting $35.02. The stock had a trading volume of 3,973 shares, compared to its average volume of 12,535. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $34.50 and a 1 year high of $41.47. The stock’s 50 day moving average is $36.55 and its two-hundred day moving average is $36.98. The stock has a market cap of $54.28 million, a price-to-earnings ratio of 17.69 and a beta of 0.87.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

Several hedge funds have recently made changes to their positions in RSPC. Yoder Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% in the first quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after buying an additional 282 shares in the last quarter. Lido Advisors LLC grew its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after acquiring an additional 326 shares in the last quarter. Walker Asset Management LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the 2nd quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock worth $882,000 after acquiring an additional 1,188 shares during the period. Raleigh Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the 1st quarter worth approximately $57,000. Finally, NewEdge Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock worth $6,365,000 after acquiring an additional 4,368 shares during the period.

About Invesco S&P 500 Equal Weight Communication Services ETF

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.