Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Grows By 651.4%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 42,888 shares, a growth of 651.4% from the June 30th total of 5,708 shares. Based on an average daily volume of 29,575 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.2% of the company’s shares are short sold.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 1.3%

Shares of Invesco S&P 500 Equal Weight Financials ETF stock opened at $82.28 on Friday. The firm has a market cap of $303.61 million, a PE ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $69.04 and a 52 week high of $83.19. The business’s fifty day simple moving average is $78.29 and its 200-day simple moving average is $76.32.

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

A number of institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 190 shares during the period. National Bank of Canada FI boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.3% during the 3rd quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock worth $1,530,000 after purchasing an additional 255 shares during the period. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth approximately $35,000. IFP Advisors Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth approximately $35,000. Finally, Lido Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 4.1% in 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 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.