Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 86,550 shares, a growth of 151.6% from the February 26th total of 34,394 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 36,509 shares, the short-interest ratio is currently 2.4 days.

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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF stock traded down $0.68 during mid-day trading on Thursday, hitting $53.42. The company’s stock had a trading volume of 10,019 shares, compared to its average volume of 58,974. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52-week low of $43.47 and a 52-week high of $60.34. The company has a market cap of $206.20 million, a PE ratio of 17.03 and a beta of 1.21. The firm’s 50 day moving average is $57.51 and its 200 day moving average is $57.19.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Institutional investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 11.6% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 720,557 shares of the company’s stock valued at $41,576,000 after buying an additional 74,684 shares during the period. Leuthold Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 187.4% during the 3rd quarter. Leuthold Group LLC now owns 68,409 shares of the company’s stock valued at $3,947,000 after buying an additional 44,604 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 14.8% during the 3rd quarter. Park Avenue Securities LLC now owns 78,653 shares of the company’s stock valued at $4,538,000 after acquiring an additional 10,155 shares in the last quarter. Precedent Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter valued at $1,696,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth $577,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.