Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Growth in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant growth in short interest in 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. Based on an average daily trading volume, of 58,845 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 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.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after purchasing an additional 42,665 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 12.0% during the second quarter. Osaic Holdings Inc. now owns 155,569 shares of the company’s stock worth $11,074,000 after acquiring an additional 16,674 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 18.7% in the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after purchasing an additional 20,276 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after purchasing an additional 40,159 shares during the period. Finally, Studio Investment Management LLC lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 7.7% during the 3rd quarter. Studio Investment Management LLC now owns 91,967 shares of the company’s stock worth $7,050,000 after purchasing an additional 6,545 shares during the last quarter.

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

NYSEARCA RSPU traded down $0.06 during midday trading on Friday, hitting $76.32. The company had a trading volume of 19,628 shares, compared to its average volume of 55,506. The firm has a fifty 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 fifty-two week low of $62.64 and a fifty-two week high of $80.94. The stock has a market cap of $506.76 million, a price-to-earnings 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.