Short Interest in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Declines By 85.0%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,129 shares, a decline of 85.0% from the June 30th total of 7,514 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 30,945 shares, the short-interest ratio is presently 0.0 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.2%

RSPU stock traded up $0.17 during mid-day trading on Friday, hitting $82.33. The company had a trading volume of 15,914 shares, compared to its average volume of 47,542. The company has a market capitalization of $558.20 million, a price-to-earnings ratio of 18.42 and a beta of 0.57. The company has a 50-day moving average price of $80.13 and a 200 day moving average price of $79.94. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $72.51 and a 12-month high of $84.52.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at $30,000. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth $38,000. Hollencrest Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter worth about $45,000. Anchor Investment Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after buying an additional 202 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the 3rd quarter. Allworth Financial LP now owns 955 shares of the company’s stock valued at $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.