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 recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,514 shares, an increase of 408.7% from the June 15th total of 1,477 shares. Based on an average daily trading volume, of 39,856 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.6%

Invesco S&P 500 Equal Weight Utilities ETF stock traded up $0.49 during mid-day trading on Monday, reaching $81.62. 16,749 shares of the company’s stock were exchanged, compared to its average volume of 48,383. The company has a market cap of $552.57 million, a P/E ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $70.98 and a twelve month high of $84.52. The company has a fifty day moving average of $79.78 and a 200-day moving average of $79.53.

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

Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 50.2% in the first quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock valued at $563,000 after purchasing an additional 2,703 shares during the period. Jones Financial Companies Lllp grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 139.2% during the 1st quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock worth $615,000 after purchasing an additional 5,002 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth about $2,132,000. Baird Financial Group Inc. increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 102.1% during the 2nd quarter. Baird Financial Group Inc. now owns 33,697 shares of the company’s stock worth $2,397,000 after purchasing an additional 17,026 shares during the period. Finally, NewEdge Advisors LLC raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after purchasing an additional 40,159 shares in the last quarter.

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.