Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 29,340 shares, an increase of 326.9% from the September 30th total of 6,873 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 68,463 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF
Hedge funds have recently made changes to their positions in the stock. Main Street Group LTD bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at about $30,000. Anchor Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 28.6% during the first quarter. Anchor Investment Management LLC now owns 908 shares of the company’s stock valued at $74,000 after acquiring an additional 202 shares during the period. Fifth Third Bancorp bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter worth about $88,000. Allworth Financial LP grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% in the 2nd quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after purchasing an additional 603 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth about $157,000.
Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.4%
Shares of NYSEARCA:RSPU opened at $76.72 on Friday. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $69.29 and a 52-week high of $84.52. The company has a 50 day moving average of $74.08 and a two-hundred day moving average of $78.47. The company has a market capitalization of $525.53 million, a price-to-earnings ratio of 18.42 and a beta of 0.55.
Invesco S&P 500 Equal Weight Utilities ETF Company Profile
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.
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