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

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

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.9% during the third quarter. Bank of America Corp DE now owns 280,253 shares of the company’s stock worth $21,798,000 after buying an additional 25,274 shares during the period. Arkadios Wealth Advisors acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter worth about $1,344,000. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 13.7% during the 1st quarter. NewEdge Advisors LLC now owns 135,740 shares of the company’s stock worth $9,845,000 after acquiring an additional 16,387 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter valued at about $1,255,000. Finally, Susquehanna International Group LLP grew its position in Invesco S&P 500 Equal Weight Financials ETF by 180.9% in the 3rd quarter. Susquehanna International Group LLP now owns 12,769 shares of the company’s stock valued at $993,000 after acquiring an additional 8,224 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Down 0.6%

RSPF stock traded down $0.51 during mid-day trading on Wednesday, hitting $78.72. 4,770 shares of the company were exchanged, compared to its average volume of 10,741. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $61.66 and a 12-month high of $80.23. The firm has a market capitalization of $326.69 million, a P/E ratio of 16.51 and a beta of 0.97. The business has a fifty day simple moving average of $76.48 and a 200-day simple moving average of $76.65.

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.