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

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 18,367 shares, a growth of 23.7% from the December 15th total of 14,847 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 8,834 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 8,834 shares, the short-interest ratio is presently 2.1 days. Approximately 0.5% of the shares of the stock are sold short.

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

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,138 shares of the company’s stock worth $5,066,000 after purchasing an additional 538 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 10.2% during the third quarter. Sunbelt Securities Inc. now owns 19,085 shares of the company’s stock worth $1,484,000 after buying an additional 1,761 shares in the last quarter. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth approximately $39,000. NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 7.6% in the third quarter. NewEdge Advisors LLC now owns 153,319 shares of the company’s stock worth $11,925,000 after buying an additional 10,787 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 180.9% in 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 in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of RSPF stock traded down $0.19 during mid-day trading on Friday, hitting $79.11. 30,261 shares of the stock traded hands, compared to its average volume of 12,560. Invesco S&P 500 Equal Weight Financials ETF has a twelve month low of $61.66 and a twelve month high of $81.29. The company’s 50-day simple moving average is $77.64 and its 200-day simple moving average is $77.12. The firm has a market cap of $308.53 million, a price-to-earnings ratio of 16.51 and a beta of 0.97.

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.