Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Declines By 34.4%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 17,953 shares, a drop of 34.4% from the May 31st total of 27,347 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,820 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

Institutional investors have recently made changes to their positions in the business. Yoder Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% during the 1st quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock valued at $1,237,000 after purchasing an additional 282 shares during the last quarter. Lido Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after buying an additional 326 shares during the period. Farther Finance Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% during the fourth quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock valued at $2,424,000 after buying an additional 701 shares during the period. Park Avenue Securities LLC boosted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% during the fourth quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock valued at $451,000 after buying an additional 719 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at about $37,000.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

Shares of RSPC opened at $35.92 on Thursday. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $34.88 and a 1 year high of $41.47. The stock has a 50 day simple moving average of $37.15 and a two-hundred day simple moving average of $38.12. The firm has a market cap of $59.99 million, a P/E ratio of 17.69 and a beta of 0.87.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.