Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Shares Shorted: Short Interest Down 41.9% in September

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 14,117 shares, a decrease of 41.9% from the September 15th total of 24,307 shares. Based on an average trading volume of 211,443 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RSPA. Brown Lisle Cummings Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% during the 1st quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock valued at $166,000 after acquiring an additional 1,500 shares during the last quarter. Barnett & Company Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 19.1% in the 1st quarter. Barnett & Company Inc. now owns 14,101 shares of the company’s stock worth $705,000 after acquiring an additional 2,259 shares during the last quarter. Stenger Family Office LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth $118,000. Retirement Financial Solutions LLC raised its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 2.0% during the first quarter. Retirement Financial Solutions LLC now owns 186,750 shares of the company’s stock worth $9,337,000 after purchasing an additional 3,587 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the first quarter valued at $194,000.

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

Shares of RSPA traded up $0.50 during mid-day trading on Thursday, hitting $52.90. The company’s stock had a trading volume of 176,753 shares, compared to its average volume of 186,870. The firm has a 50-day moving average price of $53.43 and a 200 day moving average price of $52.86. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.77 and a beta of 0.59. Invesco S&P 500 Equal Weight Income Advantage ETF has a fifty-two week low of $49.03 and a fifty-two week high of $55.16.

About Invesco S&P 500 Equal Weight Income Advantage ETF

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.