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

Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 112,787 shares, an increase of 205.4% from the August 31st total of 36,934 shares. Based on an average daily trading volume, of 770,136 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.8% of the shares of the stock are sold short.

Invesco S&P 500 Equal Weight Consumer Staples ETF Trading Up 0.2%

Invesco S&P 500 Equal Weight Consumer Staples ETF stock traded up $0.06 during mid-day trading on Friday, hitting $29.21. The stock had a trading volume of 103,487 shares, compared to its average volume of 132,484. Invesco S&P 500 Equal Weight Consumer Staples ETF has a one year low of $28.21 and a one year high of $33.37. The firm has a market capitalization of $431.72 million, a P/E ratio of 17.33 and a beta of 0.42. The firm’s 50 day moving average is $30.77 and its 200 day moving average is $30.23.

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

A number of hedge funds have recently made changes to their positions in RSPS. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the second quarter worth about $39,000. Western Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 1st quarter worth approximately $53,000. Envestnet Portfolio Solutions Inc. bought a new position in Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter worth approximately $254,000. Cary Street Partners Financial LLC boosted its stake in Invesco S&P 500 Equal Weight Consumer Staples ETF by 22.4% in the 4th quarter. Cary Street Partners Financial LLC now owns 9,017 shares of the company’s stock worth $262,000 after purchasing an additional 1,650 shares during the period. Finally, Strive Financial Group LLC grew its holdings in Invesco S&P 500 Equal Weight Consumer Staples ETF by 7.2% during the 2nd quarter. Strive Financial Group LLC now owns 10,040 shares of the company’s stock valued at $301,000 after buying an additional 678 shares in the last quarter.

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.