Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Down 88.0% in July

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,118 shares, a decrease of 88.0% from the July 15th total of 42,817 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 182,884 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth $26,000. Stenger Family Office LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter valued at about $118,000. JPMorgan Chase & Co. purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at about $156,000. Brown Lisle Cummings Inc. lifted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% during the first quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock valued at $166,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Optima Capital LLC bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth about $170,000.

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

RSPA stock traded up $0.07 during mid-day trading on Wednesday, hitting $54.68. The company had a trading volume of 173,986 shares, compared to its average volume of 164,607. The firm has a market cap of $1.04 billion, a PE ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a 12 month low of $49.03 and a 12 month high of $54.97. The stock’s fifty day moving average price is $53.53 and its two-hundred day moving average price is $52.40.

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.