Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Large Drop in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,477 shares, a decrease of 80.6% from the May 31st total of 7,615 shares. Based on an average daily volume of 34,782 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.8%

NYSEARCA RSPU opened at $81.91 on Friday. The company has a fifty day simple moving average of $79.70 and a 200 day simple moving average of $79.02. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $69.90 and a 12-month high of $84.52. The company has a market cap of $584.84 million, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Arete Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth about $2,968,000. Orographic Financial Advisors LLC bought a new position in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at about $1,744,000. Bank of America Corp DE lifted its position in Invesco S&P 500 Equal Weight Utilities ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 426,932 shares of the company’s stock valued at $34,628,000 after acquiring an additional 10,829 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 6.9% during the 1st quarter. Liberty One Investment Management LLC now owns 29,104 shares of the company’s stock valued at $2,361,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 5.5% during the 1st quarter. Lido Advisors LLC now owns 5,374 shares of the company’s stock valued at $436,000 after purchasing an additional 278 shares during 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.