Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 11,025 shares, a growth of 876.5% from the July 15th total of 1,129 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 28,974 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 562.9% in the second quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock valued at $29,329,000 after acquiring an additional 350,174 shares during the period. Denver Wealth Management Inc. raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the fourth quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after buying an additional 81,253 shares during the last quarter. Baer Investment Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter valued at $4,848,000. RM Financial Services LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the fourth quarter valued at $3,080,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after buying an additional 40,159 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded up $0.71 during trading on Tuesday, reaching $77.34. 39,200 shares of the company traded hands, compared to its average volume of 46,330. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $72.51 and a 1-year high of $84.52. The company has a 50 day moving average price of $80.04 and a 200-day moving average price of $80.25. The firm has a market capitalization of $528.23 million, a PE ratio of 18.42 and a beta of 0.58.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.