Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) Short Interest Down 93.7% in August

by · The Cerbat Gem

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 37,481 shares, a decrease of 93.7% from the July 30th total of 598,136 shares. Based on an average trading volume of 57,065 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Several hedge funds have recently modified their holdings of RSPD. Fifth Third Bancorp purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the first quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter worth about $29,000. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 4th quarter worth about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the third quarter worth approximately $185,000. Finally, Blue Chip Partners LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the fourth quarter worth approximately $295,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Down 0.5%

Shares of RSPD traded down $0.27 during trading hours on Wednesday, reaching $57.47. 32,091 shares of the company traded hands, compared to its average volume of 57,015. The stock has a market capitalization of $329.88 million, a PE ratio of 17.03 and a beta of 1.09. The stock has a fifty day simple moving average of $56.47 and a 200 day simple moving average of $55.90. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a fifty-two week low of $50.97 and a fifty-two week high of $60.34.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

(Get Free Report)

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.

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