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) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 598,136 shares, an increase of 1,482.9% from the July 15th total of 37,788 shares. Approximately 10.4% of the company’s stock are sold short. Based on an average daily trading volume, of 60,276 shares, the days-to-cover ratio is presently 9.9 days.

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

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the 1st quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 3rd quarter valued at about $29,000. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Discretionary ETF in the 4th quarter valued at about $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the third quarter worth about $185,000. Finally, Blue Chip Partners LLC bought a new position in Invesco S&P 500 Equal Weight Consumer Discretionary ETF during the fourth quarter worth about $295,000.

Invesco S&P 500 Equal Weight Consumer Discretionary ETF Stock Up 0.1%

Shares of NYSEARCA:RSPD traded up $0.05 during midday trading on Tuesday, hitting $58.35. The stock had a trading volume of 27,418 shares, compared to its average volume of 56,576. Invesco S&P 500 Equal Weight Consumer Discretionary ETF has a 12 month low of $50.97 and a 12 month high of $60.34. The business’s 50-day simple moving average is $56.02 and its 200-day simple moving average is $55.99. The company has a market cap of $334.93 million, a P/E ratio of 17.03 and a beta of 1.09.

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

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.