Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,477 shares, a decrease of 80.6% from the May 31st total of 7,615 shares. Based on an average daily trading volume, of 34,782 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF
A number of institutional investors and hedge funds have recently modified their holdings of RSPU. Arete Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth $2,968,000. Orographic Financial Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter valued at $1,744,000. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock valued at $34,628,000 after buying an additional 10,829 shares during the last quarter. Liberty One Investment Management LLC increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 6.9% in the 1st quarter. Liberty One Investment Management LLC now owns 29,104 shares of the company’s stock worth $2,361,000 after buying an additional 1,885 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 5.5% in the 1st quarter. Lido Advisors LLC now owns 5,374 shares of the company’s stock worth $436,000 after buying an additional 278 shares in the last quarter.
Invesco S&P 500 Equal Weight Utilities ETF Stock Performance
Shares of RSPU traded up $0.77 on Friday, hitting $82.68. 49,626 shares of the stock traded hands, compared to its average volume of 50,018. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $69.90 and a one year high of $84.52. The company has a market capitalization of $590.34 million, a PE ratio of 18.42 and a beta of 0.58. The business has a 50 day simple moving average of $79.72 and a 200 day simple moving average of $79.04.
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.
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