Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Drops By 22.7%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPAGet Free Report) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 23,126 shares, a decrease of 22.7% from the February 26th total of 29,906 shares. Based on an average daily trading volume, of 136,599 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance

RSPA stock traded down $0.08 during midday trading on Monday, hitting $49.26. 137,337 shares of the stock traded hands, compared to its average volume of 141,150. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1-year low of $43.04 and a 1-year high of $53.58. The stock’s fifty day simple moving average is $51.82 and its 200-day simple moving average is $51.31. The firm has a market cap of $553.68 million, a P/E ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.4108 per share. This is a boost from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.41. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

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

Institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% in the 4th quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock worth $32,798,000 after purchasing an additional 219,201 shares during the period. Invesco Ltd. grew its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% in the second quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock valued at $252,209,000 after purchasing an additional 216,221 shares during the period. Retirement Financial Solutions LLC acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at approximately $9,334,000. Lane Brothers & Co. Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at approximately $6,025,000. Finally, UBS Group AG purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter valued at approximately $4,769,000.

About Invesco S&P 500 Equal Weight Income Advantage ETF

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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.

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