Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Shares Shorted: Short Interest Up 326.9% in October

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,340 shares, a growth of 326.9% from the September 30th total of 6,873 shares. Based on an average daily volume of 68,463 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of RSPU stock traded up $1.09 during mid-day trading on Thursday, reaching $76.74. 16,160 shares of the company’s stock traded hands, compared to its average volume of 50,506. The firm has a 50 day moving average price of $74.11 and a two-hundred day moving average price of $78.46. The firm has a market capitalization of $525.68 million, a PE ratio of 18.42 and a beta of 0.55. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $69.29 and a 12 month high of $84.52.

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

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock valued at $34,628,000 after acquiring an additional 10,829 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after acquiring an additional 6,205 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 7.4% during the third quarter. Studio Investment Management LLC now owns 106,933 shares of the company’s stock worth $7,496,000 after purchasing an additional 7,379 shares during the last quarter. Baer Investment Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at $4,848,000. Finally, Redstone Wealth Management LLC raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.1% during the 3rd quarter. Redstone Wealth Management LLC now owns 57,951 shares of the company’s stock valued at $4,062,000 after buying an additional 2,810 shares during the last quarter.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.