Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Down 17.4% in February

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 18,911 shares, a drop of 17.4% from the February 12th total of 22,900 shares. Based on an average daily volume of 43,304 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 43,304 shares, the short-interest ratio is currently 0.4 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.8%

Shares of Invesco S&P 500 Equal Weight Utilities ETF stock opened at $82.83 on Wednesday. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $62.64 and a 52 week high of $84.52. The business has a 50 day moving average price of $79.22 and a 200-day moving average price of $77.39. The company has a market cap of $545.02 million, a PE ratio of 18.42 and a beta of 0.61.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC grew its stake 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 worth $43,886,000 after acquiring an additional 24,285 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after purchasing an additional 42,665 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 12.0% during the second quarter. Osaic Holdings Inc. now owns 155,569 shares of the company’s stock valued at $11,074,000 after purchasing an additional 16,674 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock worth $9,880,000 after purchasing an additional 20,276 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 0.3% during the fourth quarter. Kestra Advisory Services LLC now owns 111,155 shares of the company’s stock worth $8,312,000 after purchasing an additional 326 shares during the last quarter.

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.