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

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPUGet Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,025 shares, a growth of 876.5% from the July 15th total of 1,129 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 28,974 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RSPU. Main Street Group LTD acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth about $30,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at about $38,000. Hollencrest Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter valued at about $45,000. Anchor Investment Management LLC grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after purchasing an additional 202 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the first quarter worth approximately $88,000.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.4%

Shares of RSPU stock traded up $0.33 during trading hours on Thursday, hitting $78.13. 5,089 shares of the company’s stock traded hands, compared to its average volume of 45,895. The stock has a market cap of $533.63 million, a PE ratio of 18.42 and a beta of 0.58. The stock’s 50 day simple moving average is $80.03 and its 200 day simple moving average is $80.27. Invesco S&P 500 Equal Weight Utilities ETF has a 12 month low of $72.51 and a 12 month high of $84.52.

About Invesco S&P 500 Equal Weight Utilities ETF

(Get Free Report)

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.

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