Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) Sees Significant Decline in Short Interest

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RCD) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 4,793 shares, a decrease of 52.3% from the August 15th total of 10,038 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,774 shares, the days-to-cover ratio is currently 0.8 days.

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

Shares of RCD stock traded up $0.15 during trading hours on Wednesday, reaching $23.00. 2,983 shares of the company traded hands, compared to its average volume of 9,042. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 12-month low of $18.55 and a 12-month high of $24.45. The company has a market cap of $87.17 million, a P/E ratio of 17.52 and a beta of 1.32. The firm has a 50-day moving average price of $23.24 and a 200 day moving average price of $22.21.

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

Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (the Fund), formerly Rydex S&P Equal Weight Consumer Discretionary ETF, seeks to replicate as closely as possible the performance of the S&P Equal Weight Index Consumer Discretionary (the Index). The Index is an unmanaged equal-weighted version of the S&P 500 Consumer Discretionary Index that consists of the common stocks of industries, such as automobiles and components, consumer durables, apparel, hotels, restaurants, leisure, media and retailing that comprise the consumer discretionary sector of the S&P 500 Index.