Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Increases By 331.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 52,600 shares, an increase of 331.1% from the May 15th total of 12,200 shares. Based on an average daily trading volume, of 58,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

Several large investors have recently modified their holdings of RSPS. HighTower Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 423.1% during the first quarter. HighTower Advisors LLC now owns 228,780 shares of the company’s stock worth $7,051,000 after buying an additional 185,044 shares during the period. Farther Finance Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter worth $1,505,000. Raymond James Financial Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter worth $836,000. Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.7% during the fourth quarter. Ameriprise Financial Inc. now owns 118,791 shares of the company’s stock worth $3,576,000 after acquiring an additional 16,096 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter worth $468,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Down 1.2%

RSPS opened at $29.98 on Friday. Invesco S&P 500 Equal Weight Consumer Staples ETF has a twelve month low of $28.40 and a twelve month high of $32.89. The company has a fifty day moving average of $30.15 and a 200-day moving average of $30.21. The stock has a market cap of $263.22 million, a PE ratio of 19.57 and a beta of 0.54.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.