Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Sees Significant Increase in Short Interest

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 27,329 shares, an increase of 63.5% from the May 14th total of 16,715 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 68,763 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RSPS. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 34,542.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 922,175 shares of the company’s stock valued at $26,771,000 after purchasing an additional 919,513 shares in the last quarter. Cetera Investment Advisers grew its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 66.5% in the fourth quarter. Cetera Investment Advisers now owns 175,768 shares of the company’s stock valued at $5,102,000 after purchasing an additional 70,196 shares in the last quarter. Two Sigma Investments LP bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF in the third quarter valued at $2,022,000. Consolidated Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the fourth quarter valued at $1,737,000. Finally, Sykon Capital LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF in the fourth quarter valued at $1,238,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Down 0.6%

Invesco S&P 500 Equal Weight Consumer Staples ETF stock opened at $30.73 on Tuesday. The company has a market cap of $254.14 million, a P/E ratio of 17.33 and a beta of 0.43. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1-year low of $28.21 and a 1-year high of $33.37. The company has a fifty day simple moving average of $29.74 and a 200 day simple moving average of $30.27.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

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.