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

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 49,110 shares, an increase of 178.1% from the October 15th total of 17,657 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,000,482 shares, the days-to-cover ratio is currently 0.0 days.

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

Large investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter worth approximately $308,000. Stelac Advisory Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 3rd quarter valued at $968,000. HighTower Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 3rd quarter valued at $3,014,000. Silver Oak Securities Incorporated purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 3rd quarter valued at $464,000. Finally, Geneva Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 3rd quarter worth $668,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Down 0.6%

NYSEARCA:RSPS opened at $32.19 on Friday. The stock’s 50 day moving average price is $30.43 and its 200 day moving average price is $30.58. The company has a market capitalization of $266.21 million, a PE ratio of 23.02 and a beta of 0.43. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 52-week low of $28.46 and a 52-week high of $33.37.

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.