Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 37,481 shares, a decline of 93.7% from the July 30th total of 598,136 shares. Based on an average daily volume of 57,065 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the shares of the company are short sold.
Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance
NYSEARCA:RSPD traded down $1.11 during midday trading on Thursday, hitting $56.31. The company’s stock had a trading volume of 79,780 shares, compared to its average volume of 57,240. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a fifty-two week low of $50.97 and a fifty-two week high of $60.34. The firm’s 50 day moving average is $56.51 and its 200-day moving average is $55.89. The firm has a market cap of $323.22 million, a P/E ratio of 17.03 and a beta of 1.09.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in RSPD. Fifth Third Bancorp acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 1st quarter worth about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth about $185,000. Finally, Blue Chip Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the fourth quarter worth about $295,000.
About Invesco S&P 500 Equal Weight Consumer Discretionary ETF
The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.
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