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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 125,288 shares, an increase of 367.4% from the June 30th total of 26,803 shares. Based on an average trading volume of 49,982 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.2% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 1st quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth $29,000. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the fourth quarter worth $34,000. Sound Income Strategies LLC grew its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 11,840.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,194 shares of the company’s stock worth $70,000 after acquiring an additional 1,184 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth $185,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Up 1.7%

NYSEARCA RSPD traded up $0.89 during trading hours on Friday, hitting $54.72. 145,568 shares of the stock were exchanged, compared to its average volume of 56,483. The company has a market cap of $305.34 million, a price-to-earnings 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. The stock has a 50-day moving average of $55.15 and a 200 day moving average of $56.12.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

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.