Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Stock Short Interest Falls 52.6%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 11,904 shares, a decrease of 52.6% from the August 31st total of 25,140 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 6,034 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

A number of hedge funds have recently made changes to their positions in the stock. Walker Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% in the 2nd quarter. Walker Asset Management LLC now owns 25,000 shares of the company’s stock worth $882,000 after buying an additional 1,188 shares during the last quarter. NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,366,000 after acquiring an additional 4,368 shares during the last quarter. Lido Advisors LLC grew its position in Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the first quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock valued at $257,000 after acquiring an additional 326 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth approximately $57,000. Finally, Private Advisor Group LLC raised its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock worth $802,000 after acquiring an additional 10,482 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

RSPC traded down $0.49 on Thursday, reaching $34.59. The company had a trading volume of 1,228 shares, compared to its average volume of 12,415. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $34.50 and a 52-week high of $40.52. The company has a market cap of $53.61 million, a price-to-earnings ratio of 17.69 and a beta of 0.87. The business has a 50 day simple moving average of $36.52 and a 200 day simple moving average of $36.94.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.