Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) Short Interest Update

Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,025 shares, a growth of 876.5% from the July 15th total of 1,129 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 28,974 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPU. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 586,864 shares of the company’s stock worth $43,886,000 after purchasing an additional 24,285 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 455,046 shares of the company’s stock valued at $34,884,000 after purchasing an additional 42,665 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 18.7% during the third quarter. Raymond James Financial Inc. now owns 128,887 shares of the company’s stock valued at $9,880,000 after purchasing an additional 20,276 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 5.6% during the first quarter. Kestra Advisory Services LLC now owns 117,360 shares of the company’s stock valued at $9,519,000 after buying an additional 6,205 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 57.5% during the second quarter. NewEdge Advisors LLC now owns 110,055 shares of the company’s stock valued at $7,827,000 after buying an additional 40,159 shares during the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Stock Up 0.7%

Shares of NYSEARCA RSPU traded up $0.53 during midday trading on Wednesday, hitting $77.87. The stock had a trading volume of 3,729 shares, compared to its average volume of 46,043. The business’s 50 day moving average is $80.04 and its 200-day moving average is $80.25. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $72.51 and a 52 week high of $84.52. The company has a market cap of $531.85 million, a P/E ratio of 18.42 and a beta of 0.58.

About Invesco S&P 500 Equal Weight Utilities ETF

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.