Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Short Interest Down 18.9% in March

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 44,385 shares, a decline of 18.9% from the February 26th total of 54,718 shares. Based on an average daily volume of 96,049 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

Shares of RSPS stock traded up $0.03 during trading hours on Monday, hitting $29.61. 24,720 shares of the company’s stock were exchanged, compared to its average volume of 124,156. 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 $241.91 million, a price-to-earnings ratio of 17.33 and a beta of 0.49. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $30.06.

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

Hedge funds have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 55.7% in the third quarter. Howe & Rusling Inc. now owns 2,083 shares of the company’s stock worth $61,000 after acquiring an additional 745 shares during the last quarter. CWM LLC grew its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% during the fourth quarter. CWM LLC now owns 3,518 shares of the company’s stock valued at $102,000 after purchasing an additional 2,643 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% in the third quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock valued at $144,000 after purchasing an additional 1,435 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the third quarter valued at approximately $144,000. Finally, Strive Financial Group LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter worth approximately $191,000.

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.