Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) Sees Large Growth in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,329 shares, an increase of 76.1% from the September 15th total of 1,890 shares. Based on an average daily trading volume, of 5,985 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock traded up $0.21 on Friday, hitting $21.50. The company had a trading volume of 1,029 shares, compared to its average volume of 8,719. The stock has a 50-day moving average of $23.02 and a 200-day moving average of $22.51. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a twelve month low of $18.55 and a twelve month high of $24.40. The firm has a market capitalization of $81.48 million, a P/E ratio of 17.52 and a beta of 1.32.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.