Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Down 56.5% in May

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 8,001 shares, a decrease of 56.5% from the April 30th total of 18,399 shares. Based on an average daily trading volume, of 76,849 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Utilities ETF Price Performance

NYSEARCA:RSPU remained flat at $76.76 during trading hours on Tuesday. The company’s stock had a trading volume of 24,820 shares, compared to its average volume of 51,821. The company’s fifty day moving average is $80.41 and its 200 day moving average is $78.77. Invesco S&P 500 Equal Weight Utilities ETF has a 12-month low of $69.73 and a 12-month high of $84.52. The firm has a market capitalization of $548.07 million, a P/E ratio of 18.42 and a beta of 0.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RSPU. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 562.9% during the 2nd quarter. Bank of America Corp DE now owns 412,381 shares of the company’s stock worth $29,329,000 after buying an additional 350,174 shares in the last quarter. Denver Wealth Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 584.4% during the 4th quarter. Denver Wealth Management Inc. now owns 95,156 shares of the company’s stock worth $7,116,000 after buying an additional 81,253 shares in the last quarter. Baer Investment Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 1st quarter worth $4,848,000. RM Financial Services LLC acquired a new position in Invesco S&P 500 Equal Weight Utilities ETF during the 4th quarter worth $3,080,000. Finally, NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the 2nd quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock worth $7,827,000 after buying an additional 40,159 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.