Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Shares Shorted: Short Interest Down 41.9% in September

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 14,117 shares, a drop of 41.9% from the September 15th total of 24,307 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 211,443 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Down 0.3%

NYSEARCA:RSPA traded down $0.18 during trading hours on Friday, reaching $52.77. 169,133 shares of the company’s stock were exchanged, compared to its average volume of 187,138. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1-year low of $49.03 and a 1-year high of $55.16. The company has a 50-day moving average of $53.40 and a 200 day moving average of $52.88. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.77 and a beta of 0.59.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

A number of large investors have recently modified their holdings of RSPA. Lane Brothers & Co. Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth about $6,025,000. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 66.6% during the first quarter. Cetera Investment Advisers now owns 206,517 shares of the company’s stock worth $10,325,000 after buying an additional 82,588 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the 1st quarter valued at about $3,565,000. Envestnet Asset Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the second quarter worth approximately $1,486,000. Finally, Gateway Wealth Partners LLC lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 118.5% during the first quarter. Gateway Wealth Partners LLC now owns 45,198 shares of the company’s stock valued at $2,260,000 after purchasing an additional 24,511 shares during the last quarter.

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.