Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Significant Drop in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,477 shares, a decline of 80.6% from the May 31st total of 7,615 shares. Based on an average daily trading volume, of 34,782 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU traded up $0.77 during trading on Friday, hitting $82.68. The company’s stock had a trading volume of 49,626 shares, compared to its average volume of 50,018. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $69.90 and a fifty-two week high of $84.52. The company has a market capitalization of $590.34 million, a PE ratio of 18.42 and a beta of 0.58. The stock’s 50-day moving average price is $79.72 and its two-hundred day moving average price is $79.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Main Street Group LTD bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at approximately $30,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth about $38,000. Hollencrest Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter worth approximately $45,000. Anchor Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after buying an additional 202 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock worth $73,000 after buying an additional 670 shares in the last quarter.

About Invesco S&P 500 Equal Weight Utilities ETF

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.