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

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 25,191 shares, the days-to-cover ratio is currently 0.2 days.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.7%

RSPF stock traded up $0.55 during mid-day trading on Monday, hitting $82.12. 42,654 shares of the company were exchanged, compared to its average volume of 15,249. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $82.59. The stock has a market capitalization of $304.67 million, a PE ratio of 16.51 and a beta of 0.85. The business has a 50 day simple moving average of $77.02 and a 200-day simple moving average of $76.11.

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

Several institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock valued at $507,000 after buying an additional 190 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.3% during the third quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock worth $1,530,000 after buying an additional 255 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. IFP Advisors Inc bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at about $35,000. Finally, Lido Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the first quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock valued at $823,000 after acquiring an additional 452 shares during the period.

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.