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 large growth in short interest in June. As of June 30th, there was short interest totaling 5,708 shares, a growth of 351.6% from the June 15th total of 1,264 shares. Based on an average daily volume of 25,191 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake 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 acquiring an additional 25,274 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 7.6% in the 3rd quarter. NewEdge Advisors LLC now owns 153,319 shares of the company’s stock valued at $11,925,000 after purchasing an additional 10,787 shares in the last quarter. Joseph Group Capital Management grew its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.6% during the 4th quarter. Joseph Group Capital Management now owns 105,773 shares of the company’s stock valued at $8,303,000 after purchasing an additional 1,685 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 purchasing an additional 78,332 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 period.

Invesco S&P 500 Equal Weight Financials ETF Trading Down 0.1%

Shares of Invesco S&P 500 Equal Weight Financials ETF stock opened at $81.45 on Tuesday. The firm has a market capitalization of $302.18 million, a PE ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 12 month low of $69.04 and a 12 month high of $82.59. The business’s 50-day moving average price is $77.02 and its 200-day moving average price is $76.11.

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.