Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 1,084.2% in August

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 29,120 shares, an increase of 1,084.2% from the August 15th total of 2,459 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 15,250 shares, the short-interest ratio is presently 1.9 days.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

NYSEARCA RSPF traded down $0.25 on Thursday, hitting $82.60. The stock had a trading volume of 11,867 shares, compared to its average volume of 15,351. The business’s fifty day moving average price is $83.65 and its 200 day moving average price is $77.91. The stock has a market cap of $303.97 million, a price-to-earnings ratio of 16.51 and a beta of 0.84. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $69.04 and a 52-week high of $86.03.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Financials ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $35,000. Arax Advisory Partners purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth approximately $35,000. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth approximately $39,000. Steward Partners Investment Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at approximately $91,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter valued at approximately $253,000.

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.