Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Short Interest Up 111.8% in April

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 753,830 shares, an increase of 111.8% from the April 15th total of 355,848 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 87,444 shares, the days-to-cover ratio is currently 8.6 days.

Institutional Trading of Invesco S&P 500 Equal Weight Health Care ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter valued at about $26,000. Lodestone Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the fourth quarter valued at about $32,000. Raleigh Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Health Care ETF in the first quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC increased its stake in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock valued at $33,000 after acquiring an additional 397 shares during the period.

Invesco S&P 500 Equal Weight Health Care ETF Trading Down 0.9%

NYSEARCA RSPH traded down $0.27 on Friday, reaching $30.20. The company’s stock had a trading volume of 80,423 shares, compared to its average volume of 105,377. The firm has a market cap of $687.65 million, a PE ratio of 21.06 and a beta of 0.80. The business has a 50-day moving average price of $30.63 and a 200 day moving average price of $31.56. Invesco S&P 500 Equal Weight Health Care ETF has a 52 week low of $27.33 and a 52 week high of $33.51.

About Invesco S&P 500 Equal Weight Health Care ETF

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care companies taken from the S&P 500 Index. RSPH was launched on Nov 1, 2006 and is managed by Invesco.