Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Stock Short Interest Rises 326.9%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 29,340 shares, an increase of 326.9% from the September 30th total of 6,873 shares. Based on an average trading volume of 68,463 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors have recently bought and sold shares of the company. Baer Investment Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth $4,848,000. Kestra Advisory Services LLC increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock worth $9,519,000 after purchasing an additional 6,205 shares in the last quarter. Orographic Financial Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth approximately $1,744,000. Arete Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at $2,968,000. Finally, Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock worth $34,628,000 after buying an additional 10,829 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.4%

RSPU stock opened at $75.86 on Wednesday. The company has a market capitalization of $519.61 million, a PE ratio of 18.42 and a beta of 0.55. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $69.29 and a 52-week high of $84.52. The stock’s 50 day moving average is $74.16 and its two-hundred day moving average is $78.45.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.