Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 7,483 shares, a drop of 59.0% from the June 30th total of 18,257 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 22,684 shares, the short-interest ratio is presently 0.3 days.
Invesco S&P 500 Equal Weight Communication Services ETF Trading Up 0.1%
Shares of NYSEARCA:RSPC traded up $0.02 during mid-day trading on Wednesday, reaching $36.22. The stock had a trading volume of 2,747 shares, compared to its average volume of 14,091. The business’s 50 day moving average price is $36.32 and its 200 day moving average price is $37.60. 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. The company has a market cap of $56.87 million, a P/E ratio of 17.69 and a beta of 0.87.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of RSPC. Jane Street Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter valued at $206,000. NewEdge Advisors LLC raised its position 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 valued at $6,370,000 after buying an additional 125,388 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.4% in the 2nd quarter. Raymond James Financial Inc. now owns 181,604 shares of the company’s stock valued at $6,948,000 after acquiring an additional 9,276 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 115.5% in the 3rd quarter. Bank of America Corp DE now owns 84,719 shares of the company’s stock valued at $3,493,000 after acquiring an additional 45,405 shares during the last quarter. Finally, Sykon Capital LLC purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter worth about $2,039,000.
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.
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