Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Increases By 40.9%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 14,847 shares, a growth of 40.9% from the November 30th total of 10,538 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 8,535 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 8,535 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the company’s stock are short sold.

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

Several institutional investors have recently bought and sold shares of RSPF. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 280,253 shares of the company’s stock valued at $21,798,000 after acquiring an additional 25,274 shares during the period. Arkadios Wealth Advisors purchased a new position in Invesco S&P 500 Equal Weight Financials ETF in the second quarter valued at about $1,344,000. NewEdge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight Financials ETF by 13.7% in the first quarter. NewEdge Advisors LLC now owns 135,740 shares of the company’s stock worth $9,845,000 after purchasing an additional 16,387 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at about $1,255,000. Finally, Susquehanna International Group LLP lifted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 180.9% during the third quarter. Susquehanna International Group LLP now owns 12,769 shares of the company’s stock valued at $993,000 after buying an additional 8,224 shares during the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Invesco S&P 500 Equal Weight Financials ETF stock traded down $0.27 during midday trading on Monday, hitting $79.46. 12,040 shares of the company’s stock were exchanged, compared to its average volume of 10,803. The company has a market cap of $329.76 million, a PE ratio of 16.51 and a beta of 0.97. The firm has a 50-day moving average of $76.42 and a two-hundred day moving average of $76.60. Invesco S&P 500 Equal Weight Financials ETF has a 12 month low of $61.66 and a 12 month high of $80.23.

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.