Invesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC) Short Interest Update
by Scott Moore · The Cerbat GemInvesco S&P 500 Equal Weight Communication Services ETF (NYSEARCA:RSPC – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,583 shares, a decline of 77.8% from the March 31st total of 7,126 shares. Based on an average daily trading volume, of 4,013 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Invesco S&P 500 Equal Weight Communication Services ETF Stock Down 2.1%
Invesco S&P 500 Equal Weight Communication Services ETF stock traded down $0.82 during trading on Friday, hitting $37.97. The stock had a trading volume of 3,492 shares, compared to its average volume of 13,052. The stock has a market cap of $64.17 million, a price-to-earnings ratio of 17.69 and a beta of 0.93. The stock’s 50 day moving average is $38.17 and its two-hundred day moving average is $38.74. Invesco S&P 500 Equal Weight Communication Services ETF has a 1 year low of $34.31 and a 1 year high of $41.47.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Communication Services ETF
Several institutional investors have recently made changes to their positions in RSPC. Yoder Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 0.9% in the first quarter. Yoder Wealth Management Inc. now owns 33,062 shares of the company’s stock worth $1,237,000 after buying an additional 282 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 1.2% in the fourth quarter. Farther Finance Advisors LLC now owns 60,853 shares of the company’s stock worth $2,424,000 after buying an additional 701 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,328 shares of the company’s stock worth $451,000 after buying an additional 719 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Communication Services ETF in the fourth quarter worth $37,000. Finally, Walker Asset Management LLC raised its position in shares of Invesco S&P 500 Equal Weight Communication Services ETF by 6.7% in the first 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 Company Profile
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.