Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Shares Shorted: Short Interest Down 79.5% in October

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 10,875 shares, a decline of 79.5% from the September 30th total of 53,060 shares. Based on an average daily volume of 23,569 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

RSPF stock opened at $81.57 on Tuesday. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $69.04 and a 52-week high of $86.03. The firm has a market capitalization of $304.26 million, a price-to-earnings ratio of 16.51 and a beta of 0.86. The firm has a 50 day moving average price of $81.62 and a 200-day moving average price of $78.18.

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

A number of hedge funds have recently bought and sold shares of the business. Mondrian Investment Partners LTD bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth approximately $139,000. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the second quarter worth $253,000. Axxcess Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth $320,000. Geneos Wealth Management Inc. increased its position 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 purchasing an additional 1,218 shares during the last quarter. Finally, Perryman Financial Advisory Inc. AD bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth approximately $616,000.

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.