Short Interest in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Expands By 149.5%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 23,700 shares, a growth of 149.5% from the September 30th total of 9,500 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 37,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Invesco S&P 500 Equal Weight Utilities ETF

Several hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF by 3.5% in the 3rd quarter. Bogart Wealth LLC now owns 38,154 shares of the company’s stock valued at $2,925,000 after acquiring an additional 1,305 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF in the 3rd quarter valued at $366,000. Perigon Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter valued at $231,000. Friedenthal Financial increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 3.7% during the 3rd quarter. Friedenthal Financial now owns 41,690 shares of the company’s stock valued at $3,196,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 4.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 20,224 shares of the company’s stock valued at $1,550,000 after purchasing an additional 790 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Down 0.6%

NYSEARCA:RSPU opened at $77.33 on Friday. The company has a fifty day moving average of $76.39 and a 200-day moving average of $73.40. The firm has a market capitalization of $508.83 million, a P/E ratio of 18.42 and a beta of 0.61. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $62.64 and a twelve month high of $80.94.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.