Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 42,888 shares, an increase of 651.4% from the June 30th total of 5,708 shares. Based on an average trading volume of 29,575 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hills Bank & Trust Co acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at about $685,000. Perryman Financial Advisory Inc. AD purchased a new position in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $806,000. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 32,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,575 shares of the company’s stock valued at $6,167,000 after acquiring an additional 78,332 shares in the last quarter. Evoke Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $787,000. Finally, IFP Advisors Inc acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $35,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of RSPF stock opened at $82.28 on Monday. The stock has a fifty day moving average price of $78.29 and a 200 day moving average price of $76.30. The stock has a market cap of $302.79 million, a PE ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $69.04 and a 1 year high of $83.19.

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.