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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 125,288 shares, a growth of 367.4% from the June 30th total of 26,803 shares. Based on an average trading volume of 49,982 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.2% of the company’s shares are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 5,812 shares of the company’s stock worth $335,000 after buying an additional 210 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the first quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter valued at $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 0.9% in the 4th quarter. Farther Finance Advisors LLC now owns 54,589 shares of the company’s stock worth $3,113,000 after acquiring an additional 503 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth about $34,000.

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

RSPD stock traded up $0.89 during midday trading on Friday, reaching $54.72. 145,568 shares of the company traded hands, compared to its average volume of 56,483. The firm has a market capitalization of $305.34 million, a price-to-earnings ratio of 17.03 and a beta of 1.09. 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 business has a 50 day moving average of $55.15 and a 200-day moving average of $56.12.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

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.