Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Down 68.5% in May

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 29,874 shares, a decline of 68.5% from the May 14th total of 94,709 shares. Based on an average trading volume of 162,231 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at $26,000. Sara Bay Financial bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at $36,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 55.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,825 shares of the company’s stock valued at $93,000 after purchasing an additional 650 shares in the last quarter. Stenger Family Office LLC bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at $118,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at $156,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Trading Up 0.2%

Invesco S&P 500 Equal Weight Income Advantage ETF stock traded up $0.09 during mid-day trading on Thursday, hitting $52.53. The company had a trading volume of 67,866 shares, compared to its average volume of 142,170. The stock’s 50 day moving average price is $51.88 and its two-hundred day moving average price is $51.70. Invesco S&P 500 Equal Weight Income Advantage ETF has a 12 month low of $48.51 and a 12 month high of $53.58. The company has a market capitalization of $757.48 million, a PE ratio of 20.77 and a beta of 0.59.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.