Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Down 50.0% in April

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 791 shares, a decline of 50.0% from the April 15th total of 1,583 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,054 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.8%

Shares of RSPC traded down $0.31 on Friday, reaching $37.43. 5,851 shares of the company’s stock were exchanged, compared to its average volume of 12,787. The stock has a market capitalization of $63.26 million, a P/E ratio of 17.69 and a beta of 0.87. The business has a 50 day moving average price of $38.02 and a two-hundred day moving average price of $38.59. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $35.76 and a 12 month high of $41.47.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Yoder Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% during 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 during the last quarter. Lido Advisors LLC increased 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 purchasing an additional 326 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% in the fourth quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock valued at $2,424,000 after purchasing an additional 701 shares in the last quarter. Park Avenue Securities LLC increased its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock valued at $451,000 after purchasing an additional 719 shares in the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at approximately $37,000.

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.