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:RSPU) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,717 shares, an increase of 56.6% from the August 31st total of 2,374 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 53,986 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.5%

NYSEARCA RSPU traded up $0.34 on Thursday, hitting $70.44. The company’s stock had a trading volume of 135,712 shares, compared to its average volume of 49,937. The company’s 50-day moving average is $75.86 and its 200 day moving average is $78.86. The firm has a market cap of $474.77 million, a PE ratio of 18.42 and a beta of 0.56. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $69.29 and a 1-year high of $84.52.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 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. Anchor Investment Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 40.1% during the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after purchasing an additional 202 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter valued at about $88,000. Allworth Financial LP grew its stake in Invesco S&P 500 Equal Weight Utilities ETF by 90.0% during the second quarter. Allworth Financial LP now owns 1,273 shares of the company’s stock worth $103,000 after purchasing an additional 603 shares during the period. Finally, Compass Financial Management LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the second quarter worth approximately $157,000.

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.