Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Update

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 13,135 shares, an increase of 18.1% from the February 26th total of 11,122 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 18,751 shares, the short-interest ratio is presently 0.7 days.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Financials ETF stock traded up $1.47 during trading on Tuesday, hitting $71.39. The company’s stock had a trading volume of 15,013 shares, compared to its average volume of 15,235. The stock has a market cap of $276.99 million, a price-to-earnings ratio of 16.51 and a beta of 0.97. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $61.66 and a 52 week high of $81.29. The stock has a 50-day moving average price of $74.53 and a two-hundred day moving average price of $76.22.

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

A number of institutional investors have recently made changes to their positions in the stock. Asset One Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at $332,000. Perryman Financial Advisory Inc. AD acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth about $806,000. MML Investors Services LLC raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 15.7% in the 4th quarter. MML Investors Services LLC now owns 5,274 shares of the company’s stock worth $414,000 after acquiring an additional 715 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at about $35,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 13.0% in the 4th quarter. Kestra Advisory Services LLC now owns 14,817 shares of the company’s stock valued at $1,163,000 after purchasing an additional 1,699 shares during the period.

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.