Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Shares Shorted: Short Interest Down 79.5% in October

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 10,875 shares, a drop of 79.5% from the September 30th total of 53,060 shares. Based on an average daily volume of 23,569 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of RSPF. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after acquiring an additional 6,433 shares during the period. WestEnd Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth $2,522,000. Walker Asset Management LLC lifted its stake in shares of 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 worth $1,761,000 after purchasing an additional 947 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the 1st quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock worth $1,488,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Pacific Sun Financial Corp lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.6% during the 1st quarter. Pacific Sun Financial Corp now owns 12,850 shares of the company’s stock worth $917,000 after purchasing an additional 680 shares during the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 1.6%

RSPF stock traded up $1.28 during trading on Thursday, hitting $82.51. 6,717 shares of the company’s stock traded hands, compared to its average volume of 33,188. The firm has a market capitalization of $325.91 million, a P/E ratio of 16.51 and a beta of 0.86. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $69.04 and a 1 year high of $86.03. The business has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $78.20.

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.