Short Interest in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Expands By 408.7%

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,514 shares, a growth of 408.7% from the June 15th total of 1,477 shares. Based on an average daily volume of 39,856 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

Hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% during the fourth quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after purchasing an additional 24,285 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock worth $34,884,000 after purchasing an additional 42,665 shares in the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 18.7% in the 3rd quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after purchasing an additional 20,276 shares during the period. Kestra Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight Utilities ETF by 5.6% in the 1st quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after purchasing an additional 6,205 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after purchasing an additional 40,159 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

Shares of RSPU opened at $81.13 on Friday. The stock has a 50-day moving average of $79.78 and a 200-day moving average of $79.50. The company has a market cap of $549.25 million, a PE ratio of 18.42 and a beta of 0.57. Invesco S&P 500 Equal Weight Utilities ETF has a one year low of $70.98 and a one year high of $84.52.

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.