Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Large Decrease in Short Interest
by Teresa Graham · The Cerbat GemInvesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 16,715 shares, a decrease of 56.8% from the April 30th total of 38,680 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 81,257 shares, the short-interest ratio is presently 0.2 days.
Invesco S&P 500 Equal Weight Consumer Staples ETF Price Performance
RSPS traded down $0.39 during trading hours on Friday, hitting $29.75. 28,236 shares of the stock were exchanged, compared to its average volume of 111,116. The stock has a market cap of $246.03 million, a price-to-earnings ratio of 17.33 and a beta of 0.43. The stock has a 50-day simple moving average of $29.60 and a 200-day simple moving average of $30.18. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 12 month low of $28.21 and a 12 month high of $33.37.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 1st quarter valued at about $53,000. Howe & Rusling Inc. raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 55.7% during the third quarter. Howe & Rusling Inc. now owns 2,083 shares of the company’s stock worth $61,000 after acquiring an additional 745 shares during the period. CWM LLC lifted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% in the fourth quarter. CWM LLC now owns 3,518 shares of the company’s stock worth $102,000 after acquiring an additional 2,643 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 41.0% in the third quarter. CIBC Private Wealth Group LLC now owns 4,935 shares of the company’s stock worth $144,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF in the third quarter valued at approximately $144,000.
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.