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 recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 3,913 shares, a drop of 20.7% from the December 15th total of 4,932 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,596 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 43,596 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

NYSEARCA RSPU opened at $76.65 on Friday. The stock has a market capitalization of $515.09 million, a P/E ratio of 18.42 and a beta of 0.61. Invesco S&P 500 Equal Weight Utilities ETF has a 1 year low of $62.64 and a 1 year high of $80.94. The business’s fifty day moving average is $75.92 and its two-hundred day moving average is $75.57.

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

Several hedge funds have recently modified their holdings of the stock. Harbor Asset Planning Inc. purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth about $29,000. Financial Freedom LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth approximately $46,000. Sound Income Strategies LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth approximately $73,000. Allworth Financial LP raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock valued at $73,000 after acquiring an additional 670 shares during the period. Finally, First Heartland Consultants Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the third quarter valued at approximately $204,000.

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.