Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Declines By 69.5%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 22,343 shares, a decrease of 69.5% from the June 30th total of 73,270 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 72,777 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Consolidated Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter worth approximately $1,737,000. Redstone Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at approximately $678,000. Sunbeam Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 1st quarter valued at approximately $661,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 34,542.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 922,175 shares of the company’s stock valued at $26,771,000 after purchasing an additional 919,513 shares during the last quarter. Finally, Clearstead Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter worth approximately $946,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Performance

RSPS stock traded up $0.54 during trading on Monday, hitting $31.04. 35,261 shares of the company’s stock traded hands, compared to its average volume of 97,836. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52 week low of $28.21 and a 52 week high of $33.37. The stock has a market capitalization of $248.32 million, a price-to-earnings ratio of 17.33 and a beta of 0.43. The business has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $30.46.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.