Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Shares Shorted: Short Interest Down 57.6% in September

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 47,868 shares, a decline of 57.6% from the September 15th total of 112,787 shares. Based on an average trading volume of 93,231 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Staples ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the 1st quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock worth $8,800,000 after purchasing an additional 40,189 shares during the last quarter. Cetera Investment Advisers increased its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock valued at $5,929,000 after purchasing an additional 25,206 shares during the period. Sunbeam Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter valued at about $661,000. Apollon Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter valued at about $480,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the third quarter valued at about $459,000.

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

NYSEARCA RSPS traded up $0.36 during trading hours on Thursday, hitting $30.69. The company had a trading volume of 99,811 shares, compared to its average volume of 131,018. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1-year low of $28.21 and a 1-year high of $33.37. The company has a market cap of $458.20 million, a PE ratio of 17.33 and a beta of 0.43. The business has a 50 day moving average of $30.31 and a 200-day moving average of $30.15.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

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.