Short Interest in Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPH) Grows By 111.8%

Invesco S&P 500 Equal Weight Health Care ETF (NYSEARCA:RSPHGet Free Report) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 753,830 shares, a growth of 111.8% from the April 15th total of 355,848 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 87,444 shares, the short-interest ratio is presently 8.6 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Health Care ETF

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at $26,000. Lodestone Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 4th quarter valued at $32,000. Raleigh Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight Health Care ETF in the 1st quarter valued at $33,000. Finally, CIBC Private Wealth Group LLC grew its position in Invesco S&P 500 Equal Weight Health Care ETF by 55.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,110 shares of the company’s stock valued at $33,000 after acquiring an additional 397 shares during the last quarter.

Invesco S&P 500 Equal Weight Health Care ETF Stock Up 0.7%

NYSEARCA:RSPH traded up $0.20 during mid-day trading on Monday, hitting $30.40. 83,761 shares of the stock traded hands, compared to its average volume of 105,103. The stock has a market capitalization of $692.21 million, a price-to-earnings ratio of 21.06 and a beta of 0.80. Invesco S&P 500 Equal Weight Health Care ETF has a 52 week low of $27.33 and a 52 week high of $33.51. The firm’s 50 day moving average is $30.63 and its two-hundred day moving average is $31.56.

Invesco S&P 500 Equal Weight Health Care ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of US health care companies taken from the S&P 500 Index. RSPH was launched on Nov 1, 2006 and is managed by Invesco.

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