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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 598,136 shares, an increase of 1,482.9% from the July 15th total of 37,788 shares. Currently, 10.4% of the company’s stock are sold short. Based on an average daily trading volume, of 60,276 shares, the short-interest ratio is currently 9.9 days.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Several hedge funds have recently made changes to their positions in the company. Walker Asset Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 4.7% in the second quarter. Walker Asset Management LLC now owns 22,875 shares of the company’s stock worth $1,281,000 after acquiring an additional 1,033 shares during the period. Lido Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 7.7% in the first quarter. Lido Advisors LLC now owns 11,007 shares of the company’s stock worth $589,000 after purchasing an additional 784 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 1st quarter valued at $480,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 5.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 871,842 shares of the company’s stock valued at $46,668,000 after purchasing an additional 47,490 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 1st quarter valued at about $26,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Trading Down 0.7%

Shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock opened at $57.96 on Thursday. The firm has a market capitalization of $332.69 million, a P/E ratio of 17.03 and a beta of 1.09. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 12 month low of $50.97 and a 12 month high of $60.34. The business’s fifty day simple moving average is $56.09 and its 200 day simple moving average is $55.98.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

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