Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Drops By 50.0%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 791 shares, a decline of 50.0% from the April 15th total of 1,583 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,054 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

Shares of NYSEARCA:RSPC opened at $37.43 on Monday. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $35.76 and a 1 year high of $41.47. The stock has a market capitalization of $63.26 million, a P/E ratio of 17.69 and a beta of 0.87. The stock has a 50-day simple moving average of $38.02 and a 200-day simple moving average of $38.59.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

A number of institutional investors have recently modified their holdings of the company. Yoder Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% during the 1st quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after purchasing an additional 282 shares during the period. Lido Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 5.0% during the 1st quarter. Lido Advisors LLC now owns 6,869 shares of the company’s stock worth $257,000 after purchasing an additional 326 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% during the 4th quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock worth $2,424,000 after purchasing an additional 701 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% during the 4th quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock worth $451,000 after purchasing an additional 719 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter worth about $37,000.

About Invesco S&P 500 Equal Weight Communication Services ETF

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.