Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Down 19.8% in February

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 9,459 shares, a decrease of 19.8% from the January 29th total of 11,800 shares. Based on an average daily volume of 11,363 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 11,363 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSPF. Bank of America Corp DE increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 280,253 shares of the company’s stock valued at $21,798,000 after purchasing an additional 25,274 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 7.6% during the third quarter. NewEdge Advisors LLC now owns 153,319 shares of the company’s stock worth $11,925,000 after purchasing an additional 10,787 shares during the last quarter. Joseph Group Capital Management increased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.6% in the fourth quarter. Joseph Group Capital Management now owns 105,773 shares of the company’s stock valued at $8,303,000 after buying an additional 1,685 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 32,235.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,575 shares of the company’s stock valued at $6,167,000 after buying an additional 78,332 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 65,138 shares of the company’s stock valued at $5,066,000 after buying an additional 538 shares during the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.6%

RSPF stock traded up $0.48 during trading on Wednesday, hitting $75.41. 8,034 shares of the stock traded hands, compared to its average volume of 15,132. The stock has a market cap of $292.59 million, a price-to-earnings ratio of 16.51 and a beta of 0.97. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $61.66 and a one year high of $81.29. The company has a 50 day simple moving average of $77.53 and a 200 day simple moving average of $77.08.

About Invesco S&P 500 Equal Weight Financials ETF

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.