Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Up 543.7% in December

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 59,893 shares, a growth of 543.7% from the November 30th total of 9,305 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 93,695 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 93,695 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF

Institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 2nd quarter valued at approximately $56,000. Brown Lisle Cummings Inc. lifted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock worth $60,000 after purchasing an additional 1,000 shares in the last quarter. Private Trust Co. NA bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth about $71,000. JPMorgan Chase & Co. purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter valued at about $156,000. Finally, Osaic Holdings Inc. grew its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock valued at $190,000 after buying an additional 1,907 shares in the last quarter.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

NYSEARCA RSPA traded down $0.12 on Friday, hitting $51.27. 28,602 shares of the stock traded hands, compared to its average volume of 58,905. The business’s fifty day moving average is $50.83 and its two-hundred day moving average is $50.48. Invesco S&P 500 Equal Weight Income Advantage ETF has a 12 month low of $43.04 and a 12 month high of $52.00. The firm has a market capitalization of $471.68 million, a price-to-earnings ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 24th were given a dividend of $0.3925 per share. This is a boost from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.39. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Monday, November 24th.

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.