Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Update

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 17,944 shares, a decline of 38.4% from the August 31st total of 29,120 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 201,201 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.1%

RSPF stock traded up $0.04 during midday trading on Thursday, hitting $77.44. The company’s stock had a trading volume of 12,916 shares, compared to its average volume of 25,836. The company has a market cap of $371.71 million, a PE ratio of 16.51 and a beta of 0.84. Invesco S&P 500 Equal Weight Financials ETF has a 12 month low of $69.04 and a 12 month high of $86.03. The firm’s 50-day moving average is $83.21 and its 200-day moving average is $78.53.

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the second quarter valued at about $253,000. Walker Asset Management LLC grew its holdings in Invesco S&P 500 Equal Weight Financials ETF by 4.4% during the 2nd quarter. Walker Asset Management LLC now owns 22,712 shares of the company’s stock valued at $1,761,000 after buying an additional 947 shares in the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after buying an additional 6,433 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the first quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock valued at $1,488,000 after buying an additional 1,752 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the first quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock worth $823,000 after buying an additional 452 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Company Profile

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.