Short Interest in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) Declines By 56.8%

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 16,715 shares, a decline of 56.8% from the April 30th total of 38,680 shares. Based on an average daily trading volume, of 81,257 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

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

Shares of NYSEARCA RSPS traded down $0.31 during midday trading on Monday, hitting $29.44. 16,319 shares of the company traded hands, compared to its average volume of 110,195. 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 stock has a 50-day moving average price of $29.60 and a 200 day moving average price of $30.19. The firm has a market cap of $243.47 million, a P/E ratio of 17.33 and a beta of 0.43.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the first quarter valued at about $53,000. Bank of America Corp DE increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 15.6% during the first quarter. Bank of America Corp DE now owns 298,298 shares of the company’s stock valued at $8,800,000 after buying an additional 40,189 shares during the period. Royal Bank of Canada increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 45.1% during the first quarter. Royal Bank of Canada now owns 20,784 shares of the company’s stock valued at $614,000 after buying an additional 6,461 shares during the period. Lido Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.9% during the first quarter. Lido Advisors LLC now owns 14,778 shares of the company’s stock valued at $436,000 after buying an additional 1,083 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 14.3% during the first quarter. Cetera Investment Advisers now owns 200,974 shares of the company’s stock valued at $5,929,000 after buying an additional 25,206 shares during the period.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

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.