Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Update

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,708 shares, a growth of 351.6% from the June 15th total of 1,264 shares. Based on an average trading volume of 25,191 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

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

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock worth $17,999,000 after buying an additional 6,433 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 9.2% in the first quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock valued at $1,488,000 after buying an additional 1,752 shares during the last quarter. Lido Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the first quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock valued at $823,000 after buying an additional 452 shares during the last quarter. Pacific Sun Financial Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.6% during the first quarter. Pacific Sun Financial Corp now owns 12,850 shares of the company’s stock valued at $917,000 after acquiring an additional 680 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 19.0% during the first quarter. Geneos Wealth Management Inc. now owns 7,623 shares of the company’s stock valued at $544,000 after acquiring an additional 1,218 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 0.4%

RSPF stock traded up $0.32 during midday trading on Friday, reaching $81.57. The company had a trading volume of 5,382 shares, compared to its average volume of 15,038. The stock has a 50 day moving average price of $76.89 and a 200 day moving average price of $76.12. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $69.04 and a fifty-two week high of $82.59. The firm has a market capitalization of $302.62 million, a PE ratio of 16.51 and a beta of 0.85.

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.