Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Update

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 15,289 shares, a decline of 19.2% from the February 26th total of 18,911 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 29,491 shares, the short-interest ratio is presently 0.5 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU traded up $0.15 during trading on Tuesday, reaching $81.11. 50,525 shares of the stock traded hands, compared to its average volume of 45,712. The stock has a market cap of $533.70 million, a P/E ratio of 18.42 and a beta of 0.61. The stock has a 50-day moving average of $80.23 and a two-hundred day moving average of $77.85. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $62.64 and a 52-week high of $84.52.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Arax Advisory Partners bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at about $38,000. Hollencrest Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at about $45,000. Financial Freedom LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 2nd quarter valued at about $46,000. Anchor Investment Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after purchasing an additional 202 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% in the 3rd quarter. Allworth Financial LP now owns 955 shares of the company’s stock worth $73,000 after purchasing an additional 670 shares during the period.

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.