Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Short Interest Up 111.8% in April

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 753,830 shares, an increase of 111.8% from the April 15th total of 355,848 shares. Based on an average trading volume of 87,444 shares, the short-interest ratio is presently 8.6 days. Approximately 3.3% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Health Care ETF Price Performance

NYSEARCA RSPH opened at $30.20 on Friday. Invesco S&P 500 Equal Weight Health Care ETF has a 1-year low of $27.33 and a 1-year high of $33.51. The firm has a market capitalization of $687.65 million, a P/E ratio of 21.06 and a beta of 0.80. The business’s 50-day simple moving average is $30.63 and its 200-day simple moving average is $31.55.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Hedge funds have recently made changes to their positions in the business. Gateway Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Health Care ETF during the 1st quarter valued at $341,000. FCA Corp TX increased its holdings in Invesco S&P 500 Equal Weight Health Care ETF by 3.4% in the 1st quarter. FCA Corp TX now owns 147,683 shares of the company’s stock valued at $4,459,000 after purchasing an additional 4,812 shares in the last quarter. Lido Advisors LLC raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 8.1% in the first quarter. Lido Advisors LLC now owns 31,457 shares of the company’s stock valued at $950,000 after purchasing an additional 2,347 shares during the period. Cetera Investment Advisers raised its position in Invesco S&P 500 Equal Weight Health Care ETF by 27.0% in the first quarter. Cetera Investment Advisers now owns 153,515 shares of the company’s stock valued at $4,635,000 after purchasing an additional 32,655 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Health Care ETF by 7.6% during the first quarter. Sequoia Financial Advisors LLC now owns 11,547 shares of the company’s stock worth $349,000 after purchasing an additional 811 shares in the last quarter.

About Invesco S&P 500 Equal Weight Health Care ETF

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care companies taken from the S&P 500 Index. RSPH was launched on Nov 1, 2006 and is managed by Invesco.