Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,717 shares, a growth of 56.6% from the August 31st total of 2,374 shares. Based on an average daily volume of 53,986 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 Equal Weight Utilities ETF by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,345 shares of the company’s stock worth $2,543,000 after acquiring an additional 2,871 shares in the last quarter. Allworth Financial LP raised its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 90.0% during the second quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock valued at $103,000 after purchasing an additional 603 shares during the period. Studio Investment Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.5% during the second 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 in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 730.4% during the second 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 in the last quarter. Finally, Compass Financial Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the second quarter valued at $157,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Invesco S&P 500 Equal Weight Utilities ETF stock traded down $0.37 during trading on Wednesday, reaching $70.10. 164,254 shares of the company’s stock were exchanged, compared to its average volume of 49,478. The company’s 50-day moving average is $76.33 and its two-hundred day moving average is $79.03. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $69.29 and a 52-week high of $84.52. The firm has a market cap of $472.47 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.