Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Grows By 111.9%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 12,544 shares, an increase of 111.9% from the January 29th total of 5,920 shares. Based on an average daily trading volume, of 28,651 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the company’s stock are short sold. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 28,651 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 2.2% during the third quarter. Raymond James Financial Inc. now owns 185,607 shares of the company’s stock valued at $7,654,000 after buying an additional 4,003 shares during the last quarter. NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% in the 2nd quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock worth $6,370,000 after buying an additional 125,388 shares during the last quarter. LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 89.3% during the 4th quarter. LPL Financial LLC now owns 119,262 shares of the company’s stock valued at $4,751,000 after acquiring an additional 56,264 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at about $3,600,000. Finally, Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% during the 3rd quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock valued at $3,493,000 after acquiring an additional 45,405 shares during the last quarter.

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

Shares of RSPC traded up $0.07 on Friday, hitting $38.77. 7,795 shares of the stock traded hands, compared to its average volume of 18,310. Invesco S&P 500 Equal Weight Communication Services ETF has a one year low of $31.24 and a one year high of $41.47. The company has a market capitalization of $73.67 million, a PE ratio of 17.69 and a beta of 1.02. The business has a 50 day simple moving average of $38.93 and a 200 day simple moving average of $39.17.

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.