Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 2,374 shares, a drop of 70.4% from the August 15th total of 8,025 shares. Based on an average daily volume of 65,578 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.3%
Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded down $0.22 on Friday, hitting $75.02. 43,398 shares of the company were exchanged, compared to its average volume of 47,584. The stock has a market capitalization of $512.39 million, a price-to-earnings ratio of 18.42 and a beta of 0.56. The company has a 50-day moving average price of $78.52 and a 200 day moving average price of $79.99. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $73.38 and a 1-year high of $84.52.
Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF
Several institutional investors and hedge funds have recently bought and sold shares of RSPU. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock valued at $43,886,000 after buying an additional 24,285 shares during the period. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after acquiring an additional 42,665 shares during the period. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the 3rd quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after acquiring an additional 20,276 shares during the period. Kestra Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after acquiring an additional 6,205 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% in the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after acquiring an additional 40,159 shares in the last quarter.
About Invesco S&P 500 Equal Weight Utilities ETF
The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.
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