Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Update

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 38,635 shares, a growth of 654.9% from the July 30th total of 5,118 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 308,740 shares, the short-interest ratio is presently 0.1 days.

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

RSPA opened at $54.53 on Wednesday. The firm has a 50 day moving average price of $53.88 and a 200 day moving average price of $52.59. The company has a market cap of $1.04 billion, a PE ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $49.03 and a 1 year high of $55.16.

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

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 1,005.2% in the 1st quarter. Royal Bank of Canada now owns 49,711 shares of the company’s stock valued at $2,446,000 after acquiring an additional 45,213 shares during the period. Jane Street Group LLC boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 715.2% during the 1st quarter. Jane Street Group LLC now owns 64,152 shares of the company’s stock worth $3,157,000 after purchasing an additional 56,283 shares during the period. Bank of America Corp DE boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 142.0% during the 2nd quarter. Bank of America Corp DE now owns 28,317 shares of the company’s stock worth $1,413,000 after purchasing an additional 16,617 shares during the period. Osaic Holdings Inc. increased its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock valued at $190,000 after purchasing an additional 1,907 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter valued at $156,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

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.