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 drop in short interest in August. As of August 31st, there was short interest totaling 2,374 shares, a drop of 70.4% from the August 15th total of 8,025 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 65,578 shares, the days-to-cover ratio is currently 0.0 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% in the 2nd quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock valued at $103,000 after acquiring an additional 603 shares during the last quarter. Studio Investment Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.5% in the 2nd quarter. Studio Investment Management LLC now owns 99,554 shares of the company’s stock worth $8,077,000 after purchasing an additional 5,160 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 730.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 5,240 shares of the company’s stock worth $425,000 after purchasing an additional 4,609 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth approximately $157,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 26.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,750 shares of the company’s stock worth $710,000 after purchasing an additional 1,827 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of RSPU stock traded down $0.22 during mid-day trading on Friday, hitting $75.02. 43,398 shares of the stock traded hands, compared to its average volume of 47,584. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $73.38 and a twelve month high of $84.52. The company’s 50-day simple moving average is $78.52 and its 200-day simple moving average is $79.98. The firm has a market cap of $512.39 million, a price-to-earnings ratio of 18.42 and a beta of 0.56.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.