Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Down 85.0% in July

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,129 shares, a drop of 85.0% from the June 30th total of 7,514 shares. Based on an average trading volume of 30,945 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Several large investors have recently added to or reduced their stakes in RSPU. Dakota Wealth Management boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.4% during the 4th quarter. Dakota Wealth Management now owns 32,593 shares of the company’s stock valued at $2,437,000 after purchasing an additional 136 shares in the last quarter. Advisory Alpha LLC grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 1.5% in the fourth quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after purchasing an additional 159 shares during the period. Stifel Financial Corp increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.6% during the fourth quarter. Stifel Financial Corp now owns 25,894 shares of the company’s stock valued at $1,936,000 after purchasing an additional 159 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 7,172 shares of the company’s stock valued at $536,000 after purchasing an additional 167 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.9% during the first quarter. Geneos Wealth Management Inc. now owns 19,617 shares of the company’s stock valued at $1,591,000 after purchasing an additional 167 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 1.3%

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded down $1.06 on Monday, hitting $81.27. The stock had a trading volume of 12,186 shares, compared to its average volume of 47,275. The stock has a market cap of $551.01 million, a price-to-earnings ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $72.51 and a one year high of $84.52. The stock’s 50-day simple moving average is $80.13 and its two-hundred day simple moving average is $79.98.

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.