Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Sees Significant Decline in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 50,103 shares, a drop of 35.2% from the May 31st total of 77,296 shares. Based on an average daily trading volume, of 56,316 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 5.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 871,842 shares of the company’s stock valued at $46,668,000 after buying an additional 47,490 shares in the last quarter. Wells Fargo & Company MN increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 22.7% in the 4th quarter. Wells Fargo & Company MN now owns 154,469 shares of the company’s stock worth $8,809,000 after buying an additional 28,616 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 1.3% during the third quarter. Raymond James Financial Inc. now owns 143,978 shares of the company’s stock valued at $8,308,000 after acquiring an additional 1,825 shares during the period. Strategic Wealth Partners Ltd. lifted its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 2.5% in the third quarter. Strategic Wealth Partners Ltd. now owns 138,119 shares of the company’s stock valued at $7,969,000 after acquiring an additional 3,395 shares in the last quarter. Finally, Legend Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 130,086 shares of the company’s stock valued at $7,419,000 after acquiring an additional 2,311 shares in the last quarter.

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

Shares of RSPD stock remained flat at $56.42 during trading hours on Friday. The stock had a trading volume of 108,649 shares, compared to its average volume of 56,603. The stock’s 50-day moving average price is $54.83 and its 200-day moving average price is $56.38. The stock has a market cap of $309.18 million, a P/E ratio of 17.03 and a beta of 1.09. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 12-month low of $50.97 and a 12-month high of $60.34.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

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