Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Declines By 47.6%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 12,125 shares, a drop of 47.6% from the March 15th total of 23,126 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 111,710 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

RSPA traded up $0.28 during midday trading on Tuesday, hitting $51.70. The company had a trading volume of 185,154 shares, compared to its average volume of 141,691. The company has a market capitalization of $702.09 million, a PE ratio of 20.77 and a beta of 0.68. Invesco S&P 500 Equal Weight Income Advantage ETF has a twelve month low of $44.80 and a twelve month high of $53.58. The firm’s 50-day simple moving average is $51.57 and its 200-day simple moving average is $51.31.

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

Several institutional investors have recently modified their holdings of RSPA. CIBC Private Wealth Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth approximately $26,000. Sara Bay Financial acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth approximately $36,000. Brown Lisle Cummings Inc. grew its position in shares of 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 stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter worth approximately $71,000. Finally, Stenger Family Office LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth approximately $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.