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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,329 shares, a growth of 76.1% from the September 15th total of 1,890 shares. Based on an average daily volume of 5,985 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Trading Up 1.0%

Shares of RCD stock traded up $0.21 on Friday, reaching $21.50. 1,029 shares of the company’s stock were exchanged, compared to its average volume of 8,719. The company’s fifty day simple moving average is $23.05 and its 200 day simple moving average is $22.51. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52 week low of $18.55 and a 52 week high of $24.40. The stock has a market capitalization of $81.48 million, a PE ratio of 17.52 and a beta of 1.32.

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

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.