Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 38,680 shares, a growth of 285.1% from the April 15th total of 10,043 shares. Based on an average daily volume of 90,766 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 0.1%

Shares of Invesco S&P 500 Equal Weight Consumer Staples ETF stock traded up $0.02 during mid-day trading on Wednesday, hitting $29.74. 32,593 shares of the stock were exchanged, compared to its average volume of 114,318. The company has a 50-day simple moving average of $29.90 and a 200 day simple moving average of $30.09. Invesco S&P 500 Equal Weight Consumer Staples ETF has a twelve month low of $28.21 and a twelve month high of $33.37. The stock has a market capitalization of $245.95 million, a price-to-earnings ratio of 17.33 and a beta of 0.43.

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

Several hedge funds have recently modified their holdings of RSPS. Allworth Financial LP increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 4.2% in the fourth quarter. Allworth Financial LP now owns 7,946 shares of the company’s stock worth $231,000 after buying an additional 322 shares during the last quarter. Yoder Wealth Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.2% in the first quarter. Yoder Wealth Management Inc. now owns 32,886 shares of the company’s stock worth $970,000 after buying an additional 395 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% in the fourth quarter. Osaic Holdings Inc. now owns 43,452 shares of the company’s stock worth $1,261,000 after buying an additional 419 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% in the fourth quarter. Farther Finance Advisors LLC now owns 45,922 shares of the company’s stock worth $1,333,000 after buying an additional 460 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 10.3% in the third quarter. Jones Financial Companies Lllp now owns 7,124 shares of the company’s stock worth $207,000 after buying an additional 666 shares during the last quarter.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.