Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Shares Shorted: Short Interest Down 43.0% in September

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,791 shares, a decrease of 43.0% from the September 15th total of 11,904 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,230 shares, the short-interest ratio is currently 1.6 days.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

Shares of RSPC stock traded down $0.42 during midday trading on Friday, reaching $35.12. 1,520 shares of the company were exchanged, compared to its average volume of 12,224. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $34.50 and a 12 month high of $40.13. The company has a market cap of $53.73 million, a P/E ratio of 17.69 and a beta of 0.89. The company’s 50 day moving average price is $36.34 and its two-hundred day moving average price is $36.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Walker Asset Management LLC raised its position in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the second quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock worth $882,000 after purchasing an additional 1,188 shares in the last quarter. NewEdge Advisors LLC grew 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 $6,366,000 after acquiring an additional 4,368 shares during the period. Lido Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after buying an additional 326 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter valued at approximately $57,000. Finally, Private Advisor Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock worth $802,000 after acquiring an additional 10,482 shares in the last quarter.

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.