Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Update

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 9,709 shares, a growth of 148.1% from the December 31st total of 3,913 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 58,845 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 58,845 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

A number of hedge funds have recently added to or reduced their stakes in RSPU. American Trust acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth $1,004,000. Osaic Holdings Inc. lifted its position in Invesco S&P 500 Equal Weight Utilities ETF by 12.0% in the second quarter. Osaic Holdings Inc. now owns 155,569 shares of the company’s stock valued at $11,074,000 after purchasing an additional 16,674 shares during the period. Ballast Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter valued at approximately $498,000. Studio Investment Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 25.0% in the 2nd quarter. Studio Investment Management LLC now owns 85,422 shares of the company’s stock valued at $6,075,000 after purchasing an additional 17,093 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter worth approximately $401,000.

Invesco S&P 500 Equal Weight Utilities ETF Trading Down 0.1%

Shares of NYSEARCA RSPU traded down $0.06 during mid-day trading on Friday, reaching $76.32. The company had a trading volume of 19,628 shares, compared to its average volume of 55,506. The firm has a 50 day simple moving average of $75.61 and a two-hundred day simple moving average of $75.87. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $62.64 and a 52-week high of $80.94. The stock has a market cap of $506.76 million, a P/E ratio of 18.42 and a beta of 0.61.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.