Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Down 59.0% in July

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 7,483 shares, a decrease of 59.0% from the June 30th total of 18,257 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,684 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the 4th quarter valued at about $37,000. Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the first quarter worth approximately $57,000. Jane Street Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the first quarter worth approximately $206,000. Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after acquiring an additional 326 shares during the last quarter. Finally, Hills Bank & Trust Co bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at approximately $292,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Communication Services ETF stock traded up $0.82 on Tuesday, hitting $36.20. The stock had a trading volume of 3,865 shares, compared to its average volume of 14,172. The stock has a 50 day moving average of $36.32 and a 200 day moving average of $37.60. The firm has a market capitalization of $56.83 million, a P/E ratio of 17.69 and a beta of 0.87. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $34.50 and a twelve month high of $41.47.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

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.