Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Increases By 195.9%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 49,130 shares, a growth of 195.9% from the January 15th total of 16,604 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 127,639 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 127,639 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 71.5% in the third quarter. Jones Financial Companies Lllp now owns 169,808 shares of the company’s stock worth $8,585,000 after acquiring an additional 70,823 shares during the last quarter. Invesco Ltd. raised its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% in the 2nd quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after purchasing an additional 216,221 shares during the last quarter. Perigon Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth about $1,506,000. Flagship Harbor Advisors LLC grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 106.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 54,221 shares of the company’s stock valued at $2,705,000 after purchasing an additional 28,001 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 2nd quarter valued at about $353,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance

NYSEARCA RSPA traded up $0.45 during trading hours on Friday, reaching $52.91. 261,119 shares of the company’s stock traded hands, compared to its average volume of 151,377. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $43.04 and a 52-week high of $53.58. The firm has a 50-day simple moving average of $51.83 and a 200 day simple moving average of $51.03. The firm has a market cap of $594.71 million, a PE ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.4056 per share. The ex-dividend date was Tuesday, January 20th. This is a positive change from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. This represents a c) annualized dividend and a dividend yield of 9.2%.

About Invesco S&P 500 Equal Weight Income Advantage ETF

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.