Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Significant Drop in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPSGet Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 16,760 shares, a decline of 38.7% from the May 31st total of 27,329 shares. Based on an average daily trading volume, of 46,332 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance

Shares of NYSEARCA RSPS remained flat at $30.78 during mid-day trading on Friday. 321,479 shares of the stock traded hands, compared to its average volume of 103,182. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52-week low of $28.21 and a 52-week high of $33.37. The business has a 50-day moving average of $29.92 and a 200-day moving average of $30.33. The company has a market capitalization of $241.93 million, a P/E ratio of 17.33 and a beta of 0.43.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 106.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,127 shares of the company’s stock worth $220,000 after purchasing an additional 3,673 shares during the period. Creative Planning raised its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 22.5% during the 2nd quarter. Creative Planning now owns 11,786 shares of the company’s stock valued at $353,000 after buying an additional 2,166 shares during the period. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 87.1% in the second quarter. JPMorgan Chase & Co. now owns 78,929 shares of the company’s stock worth $2,366,000 after buying an additional 36,742 shares during the last quarter. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 0.5% in the second quarter. Bank of America Corp DE now owns 241,328 shares of the company’s stock worth $7,233,000 after buying an additional 1,164 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 57.7% during the second quarter. Tower Research Capital LLC TRC now owns 18,253 shares of the company’s stock worth $547,000 after buying an additional 6,679 shares during the period.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

(Get Free Report)

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.

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