Short Interest in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Declines By 20.7%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,913 shares, a drop of 20.7% from the December 15th total of 4,932 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 43,596 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 43,596 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight Utilities ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock worth $34,884,000 after purchasing an additional 42,665 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 12.0% in the second quarter. Osaic Holdings Inc. now owns 155,569 shares of the company’s stock worth $11,074,000 after buying an additional 16,674 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of 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 worth $9,880,000 after buying an additional 20,276 shares during the period. NewEdge Advisors LLC grew its stake 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 buying an additional 40,159 shares during the last quarter. Finally, Studio Investment Management LLC grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 7.7% in the 3rd quarter. Studio Investment Management LLC now owns 91,967 shares of the company’s stock valued at $7,050,000 after buying an additional 6,545 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of NYSEARCA:RSPU traded down $0.03 during midday trading on Monday, reaching $76.65. The company had a trading volume of 66,517 shares, compared to its average volume of 59,502. The stock has a market capitalization of $515.09 million, a P/E ratio of 18.42 and a beta of 0.61. The stock’s fifty day moving average price is $75.92 and its 200-day moving average price is $75.60. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $62.64 and a one year high of $80.94.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

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.