Short Interest in Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Grows By 111.9%

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 12,544 shares, a growth of 111.9% from the January 29th total of 5,920 shares. Based on an average daily volume of 28,651 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 28,651 shares, the days-to-cover ratio is currently 0.4 days.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

Shares of RSPC traded up $0.07 during mid-day trading on Friday, reaching $38.77. The stock had a trading volume of 7,795 shares, compared to its average volume of 18,310. The business has a fifty day moving average of $38.93 and a 200 day moving average of $39.17. The firm has a market cap of $73.67 million, a price-to-earnings ratio of 17.69 and a beta of 1.02. Invesco S&P 500 Equal Weight Communication Services ETF has a 12 month low of $31.24 and a 12 month high of $41.47.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight Communication Services ETF by 305.0% in the 2nd quarter. NewEdge Advisors LLC now owns 166,495 shares of the company’s stock worth $6,370,000 after purchasing an additional 125,388 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Communication Services ETF during the 4th quarter valued at approximately $3,600,000. Paller Financial Services Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF during the fourth quarter valued at approximately $2,761,000. Blue Chip Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $2,276,000. Finally, LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 89.3% in the fourth quarter. LPL Financial LLC now owns 119,262 shares of the company’s stock worth $4,751,000 after buying an additional 56,264 shares in the last quarter.

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.