Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Down 94.9% in July

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,174 shares, a decrease of 94.9% from the July 15th total of 42,888 shares. Based on an average trading volume of 17,155 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in RSPF. IFP Advisors Inc bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at approximately $35,000. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth about $39,000. Steward Partners Investment Advisory LLC bought a new position in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at approximately $91,000. Finally, Asset One Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at $332,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 1.3%

Shares of RSPF stock traded up $1.09 during trading hours on Thursday, reaching $85.63. The company’s stock had a trading volume of 7,046 shares, compared to its average volume of 15,282. The firm’s 50 day simple moving average is $80.58 and its 200-day simple moving average is $76.74. The company has a market capitalization of $315.12 million, a price-to-earnings ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $69.04 and a fifty-two week high of $85.64.

Invesco S&P 500 Equal Weight Financials ETF Company Profile

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.