Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Drops By 72.5%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,920 shares, a decline of 72.5% from the January 15th total of 21,512 shares. Based on an average trading volume of 10,621 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 10,621 shares, the days-to-cover ratio is presently 0.6 days.

Invesco S&P 500 Equal Weight Communication Services ETF Price Performance

RSPC stock remained flat at $37.66 during midday trading on Friday. The company’s stock had a trading volume of 7,264 shares, compared to its average volume of 21,299. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $31.24 and a twelve month high of $41.47. The stock has a market cap of $71.55 million, a price-to-earnings ratio of 17.69 and a beta of 1.02. The company’s 50-day moving average price is $39.17 and its two-hundred day moving average price is $39.12.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% in the 2nd quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock worth $252,000 after buying an additional 592 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% during the fourth quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock valued at $2,424,000 after buying an additional 701 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock valued at $451,000 after acquiring an additional 719 shares in the last quarter. Yoder Wealth Management Inc. lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 2.5% in the third quarter. Yoder Wealth Management Inc. now owns 33,044 shares of the company’s stock worth $1,363,000 after acquiring an additional 794 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth about $37,000.

About Invesco S&P 500 Equal Weight Communication Services ETF

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.