Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Update

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,129 shares, a decline of 85.0% from the June 30th total of 7,514 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 30,945 shares, the short-interest ratio is currently 0.0 days.

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

Large investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% during the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after purchasing an additional 24,285 shares during the period. Bank of America Corp DE raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 10.3% in the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after purchasing an additional 42,665 shares during the period. Raymond James Financial Inc. lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock worth $9,880,000 after purchasing an additional 20,276 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock worth $9,519,000 after purchasing an additional 6,205 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after buying an additional 40,159 shares during the period.

Invesco S&P 500 Equal Weight Utilities ETF Trading Up 0.2%

NYSEARCA RSPU traded up $0.17 during trading hours on Friday, reaching $82.33. The company had a trading volume of 15,914 shares, compared to its average volume of 47,542. The stock has a market capitalization of $558.20 million, a P/E ratio of 18.42 and a beta of 0.57. The stock has a 50-day moving average of $80.13 and a 200 day moving average of $79.94. Invesco S&P 500 Equal Weight Utilities ETF has a 1-year low of $72.51 and a 1-year high of $84.52.

About Invesco S&P 500 Equal Weight Utilities ETF

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.