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

Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSEARCA:RSPD) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 34,394 shares, a growth of 50.6% from the February 12th total of 22,841 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 176,884 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 176,884 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Consumer Discretionary ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RSPD. Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 3rd quarter valued at about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 3rd quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at approximately $34,000. Sound Income Strategies LLC lifted its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 11,840.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,194 shares of the company’s stock worth $70,000 after purchasing an additional 1,184 shares during the last quarter. Finally, CX Institutional lifted its holdings in Invesco S&P 500 Equal Weight Consumer Discretionary ETF by 2,799.0% in the 3rd quarter. CX Institutional now owns 2,899 shares of the company’s stock worth $167,000 after purchasing an additional 2,799 shares during the last quarter.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Price Performance

Shares of RSPD stock traded down $0.25 on Friday, hitting $54.08. The company’s stock had a trading volume of 20,040 shares, compared to its average volume of 64,015. The stock has a market capitalization of $208.75 million, a price-to-earnings ratio of 17.03 and a beta of 1.21. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a fifty-two week low of $43.47 and a fifty-two week high of $60.34. The firm’s fifty day moving average price is $58.43 and its 200-day moving average price is $57.46.

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF

The Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks an equal-weighted index of large-cap US Consumer Discretionary stocks drawn from the S&P 500. RSPD was launched on Nov 1, 2006 and is managed by Invesco.