Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 18,394 shares, a growth of 2,225.4% from the April 30th total of 791 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 13,968 shares, the days-to-cover ratio is currently 1.3 days.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of NYSEARCA RSPC traded up $0.24 during trading hours on Wednesday, reaching $37.71. The stock had a trading volume of 4,189 shares, compared to its average volume of 12,884. The business’s fifty day moving average is $37.86 and its two-hundred day moving average is $38.51. The company has a market cap of $63.73 million, a price-to-earnings ratio of 17.69 and a beta of 0.87. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $35.94 and a twelve month high of $41.47.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.2% in the third quarter. Raymond James Financial Inc. now owns 185,607 shares of the company’s stock valued at $7,654,000 after purchasing an additional 4,003 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% in the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,365,000 after purchasing an additional 4,368 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 89.3% in the fourth quarter. LPL Financial LLC now owns 119,262 shares of the company’s stock valued at $4,751,000 after purchasing an additional 56,264 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at $3,600,000. Finally, Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% in the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock valued at $3,493,000 after purchasing an additional 45,405 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.