Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,791 shares, a decrease of 43.0% from the September 15th total of 11,904 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 4,230 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF
Hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,366,000 after buying an additional 4,368 shares in the last quarter. 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. 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. Private Advisor Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% in the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock worth $802,000 after acquiring an additional 10,482 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock worth $257,000 after acquiring an additional 326 shares during the last quarter.
Invesco S&P 500 Equal Weight Communication Services ETF Stock Down 1.2%
Shares of NYSEARCA RSPC traded down $0.43 on Friday, reaching $35.11. 1,795 shares of the company’s stock traded hands, compared to its average volume of 12,227. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $34.50 and a 12 month high of $40.13. The business’s 50 day simple moving average is $36.32 and its two-hundred day simple moving average is $36.74. The company has a market cap of $53.72 million, a price-to-earnings ratio of 17.69 and a beta of 0.89.
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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