Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Sees Significant Growth in Short Interest

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 22,900 shares, an increase of 187.0% from the January 29th total of 7,979 shares. Based on an average trading volume of 43,393 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 43,393 shares, the short-interest ratio is presently 0.5 days.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 1.2%

Shares of NYSEARCA:RSPU traded up $0.97 during midday trading on Friday, reaching $84.43. The company’s stock had a trading volume of 31,928 shares, compared to its average volume of 49,567. The firm has a market capitalization of $555.55 million, a PE ratio of 18.42 and a beta of 0.61. Invesco S&P 500 Equal Weight Utilities ETF has a twelve month low of $62.64 and a twelve month high of $84.52. The stock has a fifty day moving average of $77.33 and a 200 day moving average of $76.72.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Utilities ETF

A number of institutional investors have recently modified their holdings of the stock. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth approximately $38,000. Hollencrest Capital Management acquired a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 4th quarter valued at $45,000. Financial Freedom LLC purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF in the 2nd quarter worth $46,000. Anchor Investment Management LLC increased its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 40.1% in the 4th quarter. Anchor Investment Management LLC now owns 706 shares of the company’s stock worth $53,000 after acquiring an additional 202 shares in the last quarter. Finally, Allworth Financial LP raised its position in Invesco S&P 500 Equal Weight Utilities ETF by 235.1% during the third quarter. Allworth Financial LP now owns 955 shares of the company’s stock worth $73,000 after acquiring an additional 670 shares during the period.

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.