Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Large Drop in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 44,385 shares, a decline of 18.9% from the February 26th total of 54,718 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 96,049 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter worth $191,000. Cetera Investment Advisers increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 66.5% during the 4th quarter. Cetera Investment Advisers now owns 175,768 shares of the company’s stock worth $5,102,000 after purchasing an additional 70,196 shares during the last quarter. Kovack Advisors Inc. raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 12.9% in the fourth quarter. Kovack Advisors Inc. now owns 11,039 shares of the company’s stock valued at $320,000 after buying an additional 1,264 shares during the period. Osaic Holdings Inc. raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% in the 4th quarter. Osaic Holdings Inc. now owns 43,452 shares of the company’s stock valued at $1,261,000 after acquiring an additional 419 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 11.8% in the fourth quarter. Royal Bank of Canada now owns 14,323 shares of the company’s stock valued at $415,000 after purchasing an additional 1,508 shares during the period.

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

Shares of NYSEARCA RSPS opened at $29.50 on Wednesday. The stock has a 50 day moving average price of $31.38 and a 200 day moving average price of $30.06. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52 week low of $28.21 and a 52 week high of $33.37. The stock has a market capitalization of $241.02 million, a PE ratio of 17.33 and a beta of 0.49.

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

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