Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Short Interest Up 63.5% in May

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 27,329 shares, a growth of 63.5% from the May 14th total of 16,715 shares. Based on an average daily trading volume, of 68,763 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

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

RSPS opened at $30.63 on Wednesday. Invesco S&P 500 Equal Weight Consumer Staples ETF has a fifty-two week low of $28.21 and a fifty-two week high of $33.37. The company has a market capitalization of $253.31 million, a P/E ratio of 17.33 and a beta of 0.43. The stock has a fifty day moving average of $29.76 and a 200-day moving average of $30.28.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Staples ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 4.2% during the fourth quarter. Allworth Financial LP now owns 7,946 shares of the company’s stock worth $231,000 after buying an additional 322 shares in the last quarter. Yoder Wealth Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.2% in the first quarter. Yoder Wealth Management Inc. now owns 32,886 shares of the company’s stock worth $970,000 after purchasing an additional 395 shares during the period. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% in the fourth quarter. Osaic Holdings Inc. now owns 43,452 shares of the company’s stock worth $1,261,000 after purchasing an additional 419 shares during the period. Farther Finance Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 1.0% in the fourth quarter. Farther Finance Advisors LLC now owns 45,922 shares of the company’s stock worth $1,333,000 after purchasing an additional 460 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 10.3% in the third quarter. Jones Financial Companies Lllp now owns 7,124 shares of the company’s stock worth $207,000 after purchasing an additional 666 shares during the period.

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.