Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Declines By 60.8%

by · The Markets Daily

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 21,512 shares, a decrease of 60.8% from the December 31st total of 54,923 shares. Based on an average daily trading volume, of 24,774 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 24,774 shares, the short-interest ratio is presently 0.9 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth about $200,000. Mendel Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the 3rd quarter valued at about $202,000. Jane Street Group LLC acquired a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth $206,000. Lido Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% in the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock valued at $252,000 after purchasing an additional 592 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the second quarter valued at approximately $270,000.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 0.3%

Shares of RSPC stock traded up $0.13 during trading hours on Thursday, hitting $38.69. 3,283 shares of the company’s stock were exchanged, compared to its average volume of 18,183. The firm has a market cap of $73.90 million, a P/E ratio of 17.69 and a beta of 1.02. The firm has a 50 day moving average of $39.26 and a two-hundred day moving average of $39.10. Invesco S&P 500 Equal Weight Communication Services ETF has a fifty-two week low of $31.24 and a fifty-two week high of $41.47.

About Invesco S&P 500 Equal Weight Communication Services ETF

(Get Free Report)

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.

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