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

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 44,385 shares, a decrease of 18.9% from the February 26th total of 54,718 shares. Based on an average daily volume of 96,049 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Performance

NYSEARCA RSPS traded up $0.02 on Tuesday, hitting $29.50. 59,377 shares of the stock traded hands, compared to its average volume of 124,565. The business’s fifty day moving average is $31.38 and its two-hundred day moving average is $30.06. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 12 month low of $28.21 and a 12 month high of $33.37. The firm has a market capitalization of $241.02 million, a price-to-earnings ratio of 17.33 and a beta of 0.49.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Wealth Group LLC raised its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 28.5% in the 3rd quarter. Private Wealth Group LLC now owns 87,066 shares of the company’s stock valued at $2,545,000 after acquiring an additional 19,294 shares during the period. Yoder Wealth Management Inc. boosted its position in Invesco S&P 500 Equal Weight Consumer Staples ETF by 2.7% during the third quarter. Yoder Wealth Management Inc. now owns 31,629 shares of the company’s stock worth $924,000 after purchasing an additional 838 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the second quarter worth about $221,000. Hills Bank & Trust Co purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the fourth quarter worth about $483,000. Finally, CWM LLC raised its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 302.1% in the fourth quarter. CWM LLC now owns 3,518 shares of the company’s stock valued at $102,000 after purchasing an additional 2,643 shares during the period.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

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.