Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Significant Decline in Short Interest

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 July. As of July 15th, there was short interest totaling 22,343 shares, a decline of 69.5% from the June 30th total of 73,270 shares. Based on an average trading volume of 72,777 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

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

Shares of RSPS stock traded up $0.58 during mid-day trading on Tuesday, hitting $31.62. 248,694 shares of the stock were exchanged, compared to its average volume of 98,652. The stock’s fifty day simple moving average is $30.22 and its two-hundred day simple moving average is $30.47. The stock has a market capitalization of $252.96 million, a price-to-earnings ratio of 17.33 and a beta of 0.43. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 12-month low of $28.21 and a 12-month high of $33.37.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RSPS. Walker Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 5.6% during the second quarter. Walker Asset Management LLC now owns 19,574 shares of the company’s stock worth $587,000 after acquiring an additional 1,030 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 1st quarter valued at $53,000. Bank of America Corp DE raised its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% in the 1st quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock valued at $8,800,000 after purchasing an additional 40,189 shares during the last quarter. Royal Bank of Canada raised its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 45.1% in the 1st quarter. Royal Bank of Canada now owns 20,784 shares of the company’s stock valued at $614,000 after purchasing an additional 6,461 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.9% during the 1st quarter. Lido Advisors LLC now owns 14,778 shares of the company’s stock worth $436,000 after purchasing an additional 1,083 shares during the period.

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.