Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Sees Large Decrease in Short Interest

by · The Cerbat Gem

Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 11,904 shares, a drop of 52.6% from the August 31st total of 25,140 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,034 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Invesco S&P 500 Equal Weight Communication Services ETF

A number of large investors have recently modified their holdings of the business. Ruane Cunniff & Goldfarb L.P. bought a new position in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth approximately $439,000. Private Advisor Group LLC lifted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 95.5% during the first quarter. Private Advisor Group LLC now owns 21,453 shares of the company’s stock valued at $802,000 after purchasing an additional 10,482 shares during the last quarter. NewEdge Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Communication Services ETF by 2.6% during the first quarter. NewEdge Advisors LLC now owns 170,196 shares of the company’s stock valued at $6,366,000 after purchasing an additional 4,368 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight Communication Services ETF in the 1st quarter worth approximately $57,000. Finally, Walker Asset Management LLC grew its stake in Invesco S&P 500 Equal Weight Communication Services ETF by 6.7% in the 1st quarter. Walker Asset Management LLC now owns 23,812 shares of the company’s stock worth $891,000 after buying an additional 1,497 shares in the last quarter.

Invesco S&P 500 Equal Weight Communication Services ETF Stock Performance

Invesco S&P 500 Equal Weight Communication Services ETF stock traded down $0.21 during midday trading on Tuesday, hitting $35.02. 3,973 shares of the company’s stock were exchanged, compared to its average volume of 12,535. Invesco S&P 500 Equal Weight Communication Services ETF has a 52-week low of $34.50 and a 52-week high of $41.47. The stock has a 50-day moving average price of $36.55 and a two-hundred day moving average price of $36.98. The company has a market cap of $54.28 million, a P/E ratio of 17.69 and a beta of 0.87.

Invesco S&P 500 Equal Weight Communication Services ETF Company Profile

(Get Free Report)

The Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks an equal-weighted index of US large-cap firms engaged in communication services, selected from the S&P 500 Index. RSPC was launched on Nov 7, 2018 and is managed by Invesco.

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