Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Expands By 351.6%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,708 shares, an increase of 351.6% from the June 15th total of 1,264 shares. Based on an average daily volume of 25,191 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

Shares of RSPF traded up $0.32 during midday trading on Friday, reaching $81.57. The stock had a trading volume of 5,382 shares, compared to its average volume of 15,038. The company has a market capitalization of $302.62 million, a P/E ratio of 16.51 and a beta of 0.85. The firm’s 50 day moving average price is $76.89 and its 200-day moving average price is $76.12. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $69.04 and a 52 week high of $82.59.

Institutional Investors Weigh In On 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 raised its position in Invesco S&P 500 Equal Weight Financials ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock worth $17,999,000 after acquiring an additional 6,433 shares in the last quarter. Sunbelt Securities Inc. boosted its position 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 valued at $1,488,000 after purchasing an additional 1,752 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% during the 1st quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock valued at $823,000 after purchasing an additional 452 shares in the last quarter. Pacific Sun Financial Corp grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.6% in 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. Finally, Geneos Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 19.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,623 shares of the company’s stock worth $544,000 after purchasing an additional 1,218 shares during 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.