Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Decreases By 42.3%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 10,600 shares, a decline of 42.3% from the December 31st total of 18,367 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,825 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 10,825 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at $39,000. AlphaCore Capital LLC raised its position in Invesco S&P 500 Equal Weight Financials ETF by 35.4% in the 2nd quarter. AlphaCore Capital LLC now owns 1,148 shares of the company’s stock worth $87,000 after purchasing an additional 300 shares during the period. HHM Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 11.7% in the second quarter. HHM Wealth Advisors LLC now owns 2,395 shares of the company’s stock worth $182,000 after purchasing an additional 250 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at approximately $270,000. Finally, One Charles Private Wealth Services LLC boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 11.0% during the third quarter. One Charles Private Wealth Services LLC now owns 4,762 shares of the company’s stock valued at $370,000 after buying an additional 472 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Financials ETF stock traded down $0.13 during trading hours on Friday, reaching $77.64. The company’s stock had a trading volume of 958 shares, compared to its average volume of 9,468. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $61.66 and a one year high of $81.29. The firm has a 50 day moving average price of $78.22 and a 200-day moving average price of $77.18. The stock has a market cap of $301.22 million, a P/E ratio of 16.51 and a beta of 0.97.

About Invesco S&P 500 Equal Weight Financials ETF

The Invesco S&P 500 Equal Weight Financials ETF (RSPF) is an exchange-traded fund that is based on the S&P 500 Equal Weighted / Financials index. The fund tracks an equal-weighted index of financial stocks pulled from the S&P 500. RSPF was launched on Nov 1, 2006 and is managed by Invesco.