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 target of a large decline in short interest in May. As of May 15th, there was short interest totaling 8,001 shares, a decline of 56.5% from the April 30th total of 18,399 shares. Based on an average daily trading volume, of 76,849 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Main Street Group LTD purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at $30,000. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at $38,000. Hollencrest Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at $45,000. Anchor Investment Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after purchasing an additional 202 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the 3rd quarter. Allworth Financial LP now owns 955 shares of the company’s stock valued at $73,000 after purchasing an additional 670 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Invesco S&P 500 Equal Weight Utilities ETF stock traded down $2.00 during mid-day trading on Monday, reaching $76.76. The company’s stock had a trading volume of 24,820 shares, compared to its average volume of 51,821. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $69.73 and a 12-month high of $84.52. The company has a market capitalization of $548.07 million, a P/E ratio of 18.42 and a beta of 0.60. The firm’s fifty day moving average price is $80.41 and its two-hundred day moving average price is $78.77.

About Invesco S&P 500 Equal Weight Utilities ETF

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.