Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 5,118 shares, a decline of 88.0% from the July 15th total of 42,817 shares. Based on an average daily trading volume, of 182,884 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance
Shares of NYSEARCA:RSPA traded up $0.07 during trading on Wednesday, hitting $54.68. 173,986 shares of the company were exchanged, compared to its average volume of 164,607. The company has a market cap of $1.04 billion, a PE ratio of 20.77 and a beta of 0.57. The stock has a 50 day moving average of $53.53 and a 200 day moving average of $52.40. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $49.03 and a 52-week high of $54.97.
Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF
Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% during the fourth quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock valued at $32,798,000 after buying an additional 219,201 shares during the period. Retirement Financial Solutions LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at approximately $9,334,000. Lane Brothers & Co. Inc. purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at approximately $6,025,000. UBS Group AG purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at approximately $4,769,000. Finally, Cetera Investment Advisers increased its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 66.6% during the 1st quarter. Cetera Investment Advisers now owns 206,517 shares of the company’s stock worth $10,325,000 after acquiring an additional 82,588 shares during the period.
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.
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