Short Interest in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Drops By 19.2%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 15,289 shares, a decrease of 19.2% from the February 26th total of 18,911 shares. Based on an average daily trading volume, of 29,491 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

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

Several hedge funds have recently made changes to their positions in the company. Arax Advisory Partners acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth about $38,000. Hollencrest Capital Management purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth approximately $45,000. Financial Freedom LLC purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter worth approximately $46,000. Anchor Investment Management LLC increased its position in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after buying an additional 202 shares during the period. Finally, Allworth Financial LP increased its position in 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 worth $73,000 after buying an additional 670 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 1.3%

NYSEARCA:RSPU traded up $1.07 during midday trading on Monday, hitting $81.43. 11,637 shares of the company were exchanged, compared to its average volume of 44,870. The company has a fifty day simple moving average of $80.04 and a 200 day simple moving average of $77.76. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $62.64 and a fifty-two week high of $84.52. The company has a market capitalization of $535.81 million, a PE ratio of 18.42 and a beta of 0.61.

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.