Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Down 77.8% in April

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,583 shares, a decline of 77.8% from the March 31st total of 7,126 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,013 shares, the short-interest ratio is presently 0.4 days.

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

Shares of NYSEARCA:RSPC traded down $0.82 during midday trading on Friday, hitting $37.97. The company had a trading volume of 3,492 shares, compared to its average volume of 13,052. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $34.31 and a twelve month high of $41.47. The stock has a market cap of $64.17 million, a price-to-earnings ratio of 17.69 and a beta of 0.93. The business’s 50-day simple moving average is $38.17 and its 200-day simple moving average is $38.75.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Graham Capital Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at about $3,600,000. Paller Financial Services Inc acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter worth about $2,761,000. Jane Street Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth about $206,000. Yoder Wealth Management Inc. raised its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% during the first quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after purchasing an additional 282 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the 4th quarter valued at about $439,000.

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.