Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Update

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 29,906 shares, a decrease of 46.9% from the February 12th total of 56,345 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 145,453 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 145,453 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Income Advantage ETF Trading Down 1.4%

NYSEARCA:RSPA traded down $0.70 on Thursday, hitting $50.68. 92,649 shares of the stock were exchanged, compared to its average volume of 148,593. The stock has a fifty day moving average of $52.25 and a 200-day moving average of $51.33. The stock has a market cap of $569.64 million, a PE ratio of 20.77 and a beta of 0.70. Invesco S&P 500 Equal Weight Income Advantage ETF has a fifty-two week low of $43.04 and a fifty-two week high of $53.58.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.4108 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.41. This represents a c) annualized dividend and a dividend yield of 9.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at about $26,000. Sara Bay Financial purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth $36,000. Brown Lisle Cummings Inc. increased its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock worth $60,000 after buying an additional 1,000 shares during the period. Private Trust Co. NA acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth $71,000. Finally, Stenger Family Office LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter worth $118,000.

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.