Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Declines By 69.5%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 22,343 shares, a drop of 69.5% from the June 30th total of 73,270 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 72,777 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 34,542.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 922,175 shares of the company’s stock worth $26,771,000 after buying an additional 919,513 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 66.5% in the fourth quarter. Cetera Investment Advisers now owns 175,768 shares of the company’s stock valued at $5,102,000 after buying an additional 70,196 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter valued at approximately $2,022,000. Consolidated Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at approximately $1,737,000. Finally, Sykon Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter worth approximately $1,238,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 1.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF stock opened at $30.50 on Friday. The stock has a market cap of $246.75 million, a PE ratio of 17.33 and a beta of 0.43. The stock has a 50-day moving average price of $30.20 and a 200 day moving average price of $30.45. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52 week low of $28.21 and a 52 week high of $33.37.

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

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