Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 23.7% in December

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 18,367 shares, an increase of 23.7% from the December 15th total of 14,847 shares. Based on an average trading volume of 8,834 shares, the short-interest ratio is presently 2.1 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 8,834 shares, the short-interest ratio is presently 2.1 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPF. Royal Bank of Canada boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 3.2% in the first quarter. Royal Bank of Canada now owns 16,715 shares of the company’s stock valued at $1,213,000 after acquiring an additional 515 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 4.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 93,885 shares of the company’s stock worth $7,287,000 after purchasing an additional 3,570 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 5.2% in the second quarter. Silver Oak Securities Incorporated now owns 7,746 shares of the company’s stock valued at $590,000 after purchasing an additional 381 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% during the second quarter. Farther Finance Advisors LLC now owns 53,623 shares of the company’s stock worth $4,081,000 after buying an additional 2,089 shares during the period. Finally, McAdam LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the second quarter worth about $207,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of RSPF stock traded down $0.19 during mid-day trading on Friday, hitting $79.11. 30,261 shares of the stock were exchanged, compared to its average volume of 12,560. The stock’s fifty day simple moving average is $77.64 and its two-hundred day simple moving average is $77.12. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $61.66 and a 12-month high of $81.29. The stock has a market capitalization of $308.53 million, a price-to-earnings ratio of 16.51 and a beta of 0.97.

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.