Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Significant Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 65,205 shares, an increase of 35.1% from the December 31st total of 48,272 shares. Based on an average daily volume of 98,968 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 98,968 shares, the short-interest ratio is presently 0.7 days.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Performance

Shares of NYSEARCA RSPS traded up $0.52 during midday trading on Friday, reaching $31.06. 117,167 shares of the stock were exchanged, compared to its average volume of 112,528. Invesco S&P 500 Equal Weight Consumer Staples ETF has a twelve month low of $28.21 and a twelve month high of $32.05. The stock has a market capitalization of $252.21 million, a P/E ratio of 17.33 and a beta of 0.49. The company has a 50 day simple moving average of $29.76 and a 200 day simple moving average of $29.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 71.7% during the second quarter. AE Wealth Management LLC now owns 1,365 shares of the company’s stock valued at $41,000 after buying an additional 570 shares during the period. Howe & Rusling Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 55.7% in the third quarter. Howe & Rusling Inc. now owns 2,083 shares of the company’s stock worth $61,000 after purchasing an additional 745 shares during the last quarter. CWM LLC lifted its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% in the 4th quarter. CWM LLC now owns 3,518 shares of the company’s stock worth $102,000 after purchasing an additional 2,643 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% during the third quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock valued at $144,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 3rd quarter valued at about $144,000.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.