Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 791 shares, a decline of 50.0% from the April 15th total of 1,583 shares. Based on an average trading volume of 6,054 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Invesco S&P 500 Equal Weight Communication Services ETF Trading Down 0.8%
Invesco S&P 500 Equal Weight Communication Services ETF stock traded down $0.31 during mid-day trading on Friday, hitting $37.43. The company had a trading volume of 5,851 shares, compared to its average volume of 12,787. The stock’s 50 day moving average price is $38.02 and its two-hundred day moving average price is $38.60. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $35.76 and a 12 month high of $41.47. The company has a market capitalization of $63.26 million, a PE ratio of 17.69 and a beta of 0.87.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF
Hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $3,600,000. Paller Financial Services Inc bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $2,761,000. Raleigh Capital Management Inc. bought a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the first quarter worth $57,000. Walker Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 6.7% in the first quarter. Walker Asset Management LLC now owns 23,812 shares of the company’s stock worth $891,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Yoder Wealth Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% in the first quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after acquiring an additional 282 shares in the last quarter.
Invesco S&P 500 Equal Weight Communication Services ETF Company Profile
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.
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