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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 4,793 shares, a decline of 52.3% from the August 15th total of 10,038 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,774 shares, the days-to-cover ratio is currently 0.8 days.

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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock opened at $22.98 on Monday. The stock has a fifty day moving average price of $23.24 and a two-hundred day moving average price of $22.19. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52-week low of $18.55 and a 52-week high of $24.45. The firm has a market capitalization of $87.09 million, a P/E ratio of 17.52 and a beta of 1.32.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

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.