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) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 112,301 shares, a growth of 826.2% from the March 31st total of 12,125 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 148,869 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth about $26,000. Sara Bay Financial bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth about $36,000. Private Trust Co. NA bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter worth about $71,000. Brown Lisle Cummings Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 55.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,825 shares of the company’s stock worth $93,000 after buying an additional 650 shares during the period. Finally, Stenger Family Office LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth about $118,000.

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

Shares of RSPA stock traded down $0.05 during midday trading on Friday, hitting $51.72. 116,175 shares of the company were exchanged, compared to its average volume of 140,157. The firm has a market capitalization of $724.08 million, a P/E ratio of 20.77 and a beta of 0.68. The firm’s 50 day moving average price is $51.44 and its two-hundred day moving average price is $51.34. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52 week low of $46.74 and a 52 week high of $53.58.

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.