Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Sees Significant Decline in Short Interest

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,264 shares, a drop of 42.1% from the May 31st total of 2,184 shares. Based on an average daily volume of 18,986 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at approximately $35,000. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at $39,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at $91,000. Finally, Asset One Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at $332,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 2.7%

Shares of NYSEARCA RSPF traded up $2.08 on Wednesday, hitting $79.63. The company had a trading volume of 20,190 shares, compared to its average volume of 14,039. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $69.04 and a 12-month high of $81.29. The business has a 50 day moving average of $76.10 and a two-hundred day moving average of $75.98. The firm has a market capitalization of $289.85 million, a P/E ratio of 16.51 and a beta of 0.86.

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.