Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Short Interest Up 1,482.9% in July

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 598,136 shares, an increase of 1,482.9% from the July 15th total of 37,788 shares. Approximately 10.4% of the shares of the company are short sold. Based on an average daily trading volume, of 60,276 shares, the days-to-cover ratio is currently 9.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RSPD. Fifth Third Bancorp bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 1st quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter valued at $29,000. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter worth $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth $185,000. Finally, Blue Chip Partners LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter valued at $295,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Performance

NYSEARCA RSPD opened at $58.35 on Wednesday. The company has a market capitalization of $334.93 million, a PE ratio of 17.03 and a beta of 1.09. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 52-week low of $50.97 and a 52-week high of $60.34. The company has a 50-day simple moving average of $56.02 and a 200 day simple moving average of $55.99.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.