Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 25,140 shares, an increase of 167.5% from the August 15th total of 9,397 shares. Based on an average daily trading volume, of 5,733 shares, the days-to-cover ratio is presently 4.4 days. Approximately 1.6% of the shares of the company are sold short.
Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF
Several hedge funds and other institutional investors have recently bought and sold shares of RSPC. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% during the 2nd quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock worth $6,370,000 after purchasing an additional 125,388 shares in the last quarter. Blue Chip Partners LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter valued at $2,276,000. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 89.3% in the fourth quarter. LPL Financial LLC now owns 119,262 shares of the company’s stock valued at $4,751,000 after purchasing an additional 56,264 shares in the last quarter. Sykon Capital LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter worth $2,039,000. Finally, Bank of America Corp DE boosted its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% during the third quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock worth $3,493,000 after buying an additional 45,405 shares in the last quarter.
Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 1.1%
Shares of Invesco S&P 500 Equal Weight Communication Services ETF stock opened at $36.90 on Friday. The company’s fifty day simple moving average is $36.51 and its 200-day simple moving average is $37.20. The company has a market cap of $57.93 million, a price-to-earnings ratio of 17.69 and a beta of 0.87. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $34.50 and a 1 year high of $41.47.
About Invesco S&P 500 Equal Weight Communication Services ETF
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.
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight Communication Services ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Invesco S&P 500 Equal Weight Communication Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Communication Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
