Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Down 56.5% in May
by Teresa Graham · The Cerbat GemInvesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 8,001 shares, a decline of 56.5% from the April 30th total of 18,399 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 76,849 shares, the days-to-cover ratio is presently 0.1 days.
Invesco S&P 500 Equal Weight Utilities ETF Price Performance
Shares of Invesco S&P 500 Equal Weight Utilities ETF stock traded down $0.37 during trading on Friday, reaching $78.76. 35,785 shares of the stock traded hands, compared to its average volume of 52,086. The company has a market capitalization of $562.35 million, a price-to-earnings ratio of 18.42 and a beta of 0.60. The business has a fifty day simple moving average of $80.52 and a two-hundred day simple moving average of $78.77. Invesco S&P 500 Equal Weight Utilities ETF has a 52-week low of $69.73 and a 52-week high of $84.52.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dakota Wealth Management grew its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 0.4% during the 4th quarter. Dakota Wealth Management now owns 32,593 shares of the company’s stock valued at $2,437,000 after buying an additional 136 shares in the last quarter. Advisory Alpha LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 1.5% during the 4th quarter. Advisory Alpha LLC now owns 10,721 shares of the company’s stock worth $802,000 after acquiring an additional 159 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.6% during the 4th quarter. Stifel Financial Corp now owns 25,894 shares of the company’s stock valued at $1,936,000 after acquiring an additional 159 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 2.4% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 7,172 shares of the company’s stock valued at $536,000 after acquiring an additional 167 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 0.9% in the first quarter. Geneos Wealth Management Inc. now owns 19,617 shares of the company’s stock valued at $1,591,000 after purchasing an additional 167 shares in the last quarter.
About Invesco S&P 500 Equal Weight Utilities ETF
The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.