Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Down 94.9% in July

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,174 shares, a decrease of 94.9% from the July 15th total of 42,888 shares. Based on an average trading volume of 17,155 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock valued at $507,000 after purchasing an additional 190 shares during the period. National Bank of Canada FI increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 1.3% in the third quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock valued at $1,530,000 after buying an additional 255 shares in the last quarter. Arax Advisory Partners purchased a new position in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at about $35,000. IFP Advisors Inc acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at approximately $35,000. Finally, Lido Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% during the 1st 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 Stock Performance

NYSEARCA:RSPF traded up $0.13 during trading hours on Tuesday, hitting $84.42. The company’s stock had a trading volume of 7,625 shares, compared to its average volume of 15,014. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $69.04 and a 52-week high of $85.38. The business’s 50-day moving average is $80.37 and its two-hundred day moving average is $76.70. The company has a market capitalization of $310.67 million, a PE ratio of 16.51 and a beta of 0.85.

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.