Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Drops By 94.9%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 2,174 shares, a drop of 94.9% from the July 15th total of 42,888 shares. Based on an average trading volume of 17,155 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

RSPF stock traded down $0.05 during midday trading on Wednesday, reaching $84.37. 1,755 shares of the stock were exchanged, compared to its average volume of 14,926. Invesco S&P 500 Equal Weight Financials ETF has a 52 week low of $69.04 and a 52 week high of $85.38. The company has a fifty day moving average price of $80.37 and a 200 day moving average price of $76.70. The stock has a market capitalization of $310.48 million, a PE ratio of 16.51 and a beta of 0.85.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Invesco S&P 500 Equal Weight Financials ETF by 3.2% in the 1st quarter. Royal Bank of Canada now owns 16,715 shares of the company’s stock valued at $1,213,000 after buying an additional 515 shares during the last quarter. NewEdge Advisors LLC increased its position in Invesco S&P 500 Equal Weight Financials ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 142,532 shares of the company’s stock valued at $10,849,000 after acquiring an additional 6,792 shares during the period. Geneos Wealth Management Inc. increased its position in Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock valued at $507,000 after acquiring an additional 190 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 65,138 shares of the company’s stock valued at $5,066,000 after acquiring an additional 538 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 7.7% during the third quarter. Raymond James Financial Inc. now owns 18,269 shares of the company’s stock worth $1,421,000 after purchasing an additional 1,299 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Company Profile

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.