Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Grows By 17.6%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 11,122 shares, an increase of 17.6% from the February 12th total of 9,459 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 24,798 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 24,798 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.7%

Invesco S&P 500 Equal Weight Financials ETF stock traded up $0.50 during midday trading on Monday, hitting $71.37. The stock had a trading volume of 47,846 shares, compared to its average volume of 15,231. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $61.66 and a 52-week high of $81.29. The company has a market capitalization of $276.92 million, a PE ratio of 16.51 and a beta of 0.97. The firm’s fifty day moving average is $76.45 and its two-hundred day moving average is $76.78.

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 280,253 shares of the company’s stock valued at $21,798,000 after purchasing an additional 25,274 shares during the period. NewEdge Advisors LLC boosted its holdings in 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 worth $11,925,000 after buying an additional 10,787 shares during the period. Joseph Group Capital Management boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 1.6% in the 4th quarter. Joseph Group Capital Management now owns 105,773 shares of the company’s stock worth $8,303,000 after buying an additional 1,685 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 Equal Weight Financials ETF by 32,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 78,575 shares of the company’s stock worth $6,167,000 after buying an additional 78,332 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 buying an additional 538 shares in the last quarter.

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.