Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Stock Short Interest Drops 63.1%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 17,657 shares, a decrease of 63.1% from the September 30th total of 47,868 shares. Based on an average trading volume of 118,265 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

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

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of 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 buying an additional 40,189 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% during the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock worth $5,929,000 after buying an additional 25,206 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter worth approximately $480,000. Miller Howard Investments Inc. NY purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter worth approximately $1,480,000. Finally, Royal Bank of Canada increased its stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 45.1% during the first quarter. Royal Bank of Canada now owns 20,784 shares of the company’s stock worth $614,000 after buying an additional 6,461 shares during the period.

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

Shares of NYSEARCA RSPS traded up $0.42 during mid-day trading on Friday, hitting $31.53. The company had a trading volume of 247,267 shares, compared to its average volume of 176,774. The company has a market capitalization of $253.82 million, a PE ratio of 17.33 and a beta of 0.43. 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 business’s 50-day simple moving average is $30.31 and its 200 day simple moving average is $30.51.

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.