Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Shares Shorted: Short Interest Up 205.4% in September

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 112,787 shares, an increase of 205.4% from the August 31st total of 36,934 shares. Based on an average daily volume of 770,136 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are short sold.

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

Shares of Invesco S&P 500 Equal Weight Consumer Staples ETF stock traded up $0.06 during trading on Friday, hitting $29.21. 103,487 shares of the company’s stock traded hands, compared to its average volume of 132,484. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1 year low of $28.21 and a 1 year high of $33.37. The stock has a market capitalization of $431.72 million, a P/E ratio of 17.33 and a beta of 0.42. The business has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $30.23.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSPS. Consolidated Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at $1,737,000. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the 1st quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock valued at $8,800,000 after acquiring an additional 40,189 shares during the period. Cetera Investment Advisers increased its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% in the 1st quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock worth $5,929,000 after acquiring an additional 25,206 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter worth approximately $661,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter worth $480,000.

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.