Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Shares Shorted: Short Interest Up 56.6% in September

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 3,717 shares, a growth of 56.6% from the August 31st total of 2,374 shares. Based on an average daily trading volume, of 53,986 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.3%

Invesco S&P 500 Equal Weight Utilities ETF stock traded up $0.19 during mid-day trading on Friday, reaching $70.63. The company’s stock had a trading volume of 30,983 shares, compared to its average volume of 49,820. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $69.29 and a twelve month high of $84.52. The business has a 50 day moving average price of $75.86 and a 200-day moving average price of $78.86. The firm has a market cap of $473.93 million, a price-to-earnings ratio of 18.42 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock valued at $34,628,000 after purchasing an additional 10,829 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after purchasing an additional 6,205 shares during the period. Studio Investment Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.5% in the second quarter. Studio Investment Management LLC now owns 99,554 shares of the company’s stock valued at $8,077,000 after purchasing an additional 5,160 shares during the period. Denver Wealth Management Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock valued at $7,116,000 after buying an additional 81,253 shares during the last quarter. Finally, Baer Investment Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at approximately $4,848,000.

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.