Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Stock Short Interest Falls 57.6%

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

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Up 1.9%

Shares of Invesco S&P 500 Equal Weight Consumer Staples ETF stock traded up $0.57 on Wednesday, reaching $30.33. The stock had a trading volume of 140,225 shares, compared to its average volume of 131,177. The company has a 50 day moving average price of $30.33 and a 200 day moving average price of $30.13. 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 stock has a market capitalization of $452.83 million, a P/E ratio of 17.33 and a beta of 0.43.

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

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 2nd quarter valued at about $39,000. Western Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the first quarter valued at about $53,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the second quarter valued at about $268,000. Strive Financial Group LLC boosted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.2% in the second quarter. Strive Financial Group LLC now owns 10,040 shares of the company’s stock worth $301,000 after acquiring an additional 678 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.9% in the first quarter. Lido Advisors LLC now owns 14,778 shares of the company’s stock worth $436,000 after acquiring an additional 1,083 shares in the last quarter.

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.