Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Shares Shorted: Short Interest Down 43.0% in September

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,791 shares, a decrease of 43.0% from the September 15th total of 11,904 shares. Based on an average daily trading volume, of 4,230 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. Walker Asset Management LLC increased its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the 2nd quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock worth $882,000 after purchasing an additional 1,188 shares during the period. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% in the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock worth $6,366,000 after acquiring an additional 4,368 shares during the period. Lido Advisors LLC increased its position in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the 1st quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after purchasing an additional 326 shares during the period. Raleigh Capital Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter valued at about $57,000. Finally, Private Advisor Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock valued at $802,000 after purchasing an additional 10,482 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 2.1%

Shares of RSPC stock traded up $0.72 during trading hours on Thursday, reaching $35.51. 5,761 shares of the stock were exchanged, compared to its average volume of 12,275. The firm has a market capitalization of $54.32 million, a price-to-earnings ratio of 17.69 and a beta of 0.89. Invesco S&P 500 Equal Weight Communication Services ETF has a 12-month low of $34.50 and a 12-month high of $40.13. The company’s 50-day moving average price is $36.36 and its 200-day moving average price is $36.76.

About Invesco S&P 500 Equal Weight Communication Services ETF

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.