Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Sees Significant Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 598,136 shares, an increase of 1,482.9% from the July 15th total of 37,788 shares. Based on an average trading volume of 60,276 shares, the days-to-cover ratio is currently 9.9 days. Approximately 10.4% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPD. Walker Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 4.7% during the 2nd quarter. Walker Asset Management LLC now owns 22,875 shares of the company’s stock worth $1,281,000 after buying an additional 1,033 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 7.7% in the 1st quarter. Lido Advisors LLC now owns 11,007 shares of the company’s stock valued at $589,000 after acquiring an additional 784 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the first quarter valued at about $480,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 5.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 871,842 shares of the company’s stock valued at $46,668,000 after acquiring an additional 47,490 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the first quarter worth about $26,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Shares of RSPD traded up $0.05 during mid-day trading on Tuesday, hitting $58.35. 27,418 shares of the company’s stock were exchanged, compared to its average volume of 56,576. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52 week low of $50.97 and a 52 week high of $60.34. The company has a market cap of $334.93 million, a PE ratio of 17.03 and a beta of 1.09. The company has a 50-day simple moving average of $56.02 and a 200 day simple moving average of $55.99.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

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