Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,394 shares, an increase of 2,225.4% from the April 30th total of 791 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 13,968 shares, the short-interest ratio is presently 1.3 days.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.4%

RSPC stock traded down $0.15 on Friday, hitting $37.70. 4,656 shares of the company’s stock traded hands, compared to its average volume of 13,021. Invesco S&P 500 Equal Weight Communication Services ETF has a 1-year low of $35.94 and a 1-year high of $41.47. The stock has a market cap of $63.71 million, a price-to-earnings ratio of 17.69 and a beta of 0.87. The stock has a fifty day moving average of $37.86 and a 200-day moving average of $38.51.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at approximately $37,000. Raleigh Capital Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter valued at approximately $57,000. Jane Street Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter valued at approximately $206,000. Lido Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after purchasing an additional 326 shares during the last quarter. Finally, Hills Bank & Trust Co acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at approximately $292,000.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

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.