Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Rises By 235.3%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 9,644 shares, a growth of 235.3% from the November 30th total of 2,876 shares. Based on an average daily volume of 6,840 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 6,840 shares, the short-interest ratio is currently 1.4 days.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Up 0.7%

Shares of NYSEARCA RSPC opened at $39.92 on Friday. The business’s 50 day moving average price is $39.02 and its two-hundred day moving average price is $38.75. The company has a market cap of $73.85 million, a PE ratio of 17.69 and a beta of 1.02. Invesco S&P 500 Equal Weight Communication Services ETF has a twelve month low of $31.24 and a twelve month high of $41.47.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF

Large investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the third quarter worth $200,000. Mendel Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the third quarter valued at about $202,000. Jane Street Group LLC bought a new position in Invesco S&P 500 Equal Weight Communication Services ETF during the first quarter worth about $206,000. Lido Advisors LLC increased its position in Invesco S&P 500 Equal Weight Communication Services ETF by 9.9% during the second quarter. Lido Advisors LLC now owns 6,595 shares of the company’s stock worth $252,000 after acquiring an additional 592 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Invesco S&P 500 Equal Weight Communication Services ETF in the 2nd quarter worth about $270,000.

About Invesco S&P 500 Equal Weight Communication Services ETF

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.