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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 7,979 shares, a decline of 17.8% from the January 15th total of 9,709 shares. Based on an average daily volume of 52,250 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 52,250 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds have recently added to or reduced their stakes in RSPU. Royal Bank of Canada raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 50.2% during the 1st quarter. Royal Bank of Canada now owns 8,084 shares of the company’s stock worth $563,000 after purchasing an additional 2,703 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 139.2% in the 1st quarter. Jones Financial Companies Lllp now owns 8,596 shares of the company’s stock valued at $615,000 after purchasing an additional 5,002 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth approximately $2,132,000. Janney Montgomery Scott LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the second quarter worth approximately $220,000. Finally, Ballast Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the second quarter worth approximately $498,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

RSPU traded up $2.14 during mid-day trading on Monday, reaching $82.39. The stock had a trading volume of 95,853 shares, compared to its average volume of 51,458. The firm’s fifty day simple moving average is $75.92 and its two-hundred day simple moving average is $76.29. The stock has a market capitalization of $542.13 million, a P/E ratio of 18.42 and a beta of 0.61. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $62.64 and a 52 week high of $82.44.

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.