Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Sees Significant Growth in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 22,841 shares, a growth of 76.9% from the January 29th total of 12,913 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 59,565 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 59,565 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

A number of hedge funds have recently modified their holdings of the company. Asset Dedication LLC acquired a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter valued at about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter worth approximately $34,000. Sound Income Strategies LLC grew its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 11,840.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,194 shares of the company’s stock worth $70,000 after acquiring an additional 1,184 shares during the last quarter. Finally, CX Institutional grew its position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 2,799.0% during the 3rd quarter. CX Institutional now owns 2,899 shares of the company’s stock worth $167,000 after acquiring an additional 2,799 shares during the last quarter.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Performance

Shares of RSPD traded down $0.33 during trading hours on Friday, reaching $58.99. 66,977 shares of the company traded hands, compared to its average volume of 71,081. The stock’s fifty day moving average is $58.72 and its 200 day moving average is $57.56. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 1-year low of $43.47 and a 1-year high of $60.34. The stock has a market cap of $227.70 million, a P/E ratio of 17.03 and a beta of 1.21.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.