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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 50,103 shares, a drop of 35.2% from the May 31st total of 77,296 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 56,316 shares, the short-interest ratio is presently 0.9 days.

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

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,812 shares of the company’s stock valued at $335,000 after buying an additional 210 shares during the period. Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth about $26,000. Fifth Third Bancorp purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the first quarter worth approximately $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 0.9% in the fourth quarter. Farther Finance Advisors LLC now owns 54,589 shares of the company’s stock valued at $3,113,000 after acquiring an additional 503 shares in the last quarter.

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

NYSEARCA:RSPD opened at $56.04 on Thursday. The firm has a market cap of $307.10 million, a PE ratio of 17.03 and a beta of 1.09. The stock has a fifty day moving average price of $54.85 and a 200 day moving average price of $56.39. 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.

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.