Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Down 70.4% in August

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,374 shares, a drop of 70.4% from the August 15th total of 8,025 shares. Based on an average daily trading volume, of 65,578 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Utilities ETF Stock Performance

Shares of NYSEARCA:RSPU traded down $0.22 during trading on Friday, hitting $75.02. The company’s stock had a trading volume of 43,398 shares, compared to its average volume of 47,584. Invesco S&P 500 Equal Weight Utilities ETF has a fifty-two week low of $73.38 and a fifty-two week high of $84.52. The business has a 50 day moving average price of $78.52 and a two-hundred day moving average price of $79.99. The company has a market capitalization of $512.39 million, a PE ratio of 18.42 and a beta of 0.56.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

Several large investors have recently bought and sold shares of RSPU. Main Street Group LTD acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 1st quarter valued at about $30,000. Arax Advisory Partners purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth approximately $38,000. Hollencrest Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the fourth quarter worth approximately $45,000. Anchor Investment Management LLC raised its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the fourth quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock valued at $53,000 after acquiring an additional 202 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in Invesco S&P 500 Equal Weight Utilities ETF in the first quarter worth approximately $88,000.

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.