Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Shares Shorted: Short Interest Down 38.4% in September

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 17,944 shares, a drop of 38.4% from the August 31st total of 29,120 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 201,201 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of hedge funds have recently modified their holdings of RSPF. IFP Advisors Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter worth about $253,000. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 19.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,623 shares of the company’s stock valued at $544,000 after buying an additional 1,218 shares during the last quarter. Perryman Financial Advisory Inc. AD acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $806,000. Finally, Lido Advisors LLC grew its stake in shares of 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 buying an additional 452 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

RSPF traded down $0.27 on Friday, reaching $77.40. 12,628 shares of the company traded hands, compared to its average volume of 25,826. The company has a market cap of $370.75 million, a price-to-earnings ratio of 16.51 and a beta of 0.86. The stock’s 50 day moving average price is $83.14 and its 200-day moving average price is $78.57. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $69.04 and a 52-week high of $86.03.

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.