Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 29,120 shares, an increase of 1,084.2% from the August 15th total of 2,459 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 15,250 shares, the days-to-cover ratio is currently 1.9 days.
Invesco S&P 500 Equal Weight Financials ETF Stock Up 0.5%
NYSEARCA:RSPF traded up $0.38 during mid-day trading on Friday, reaching $82.98. 7,380 shares of the stock were exchanged, compared to its average volume of 15,304. The company has a 50 day simple moving average of $83.69 and a 200-day simple moving average of $77.95. The stock has a market capitalization of $305.37 million, a P/E ratio of 16.51 and a beta of 0.84. Invesco S&P 500 Equal Weight Financials ETF has a 1 year low of $69.04 and a 1 year high of $86.03.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Financials ETF
Several large investors have recently modified their holdings of the company. IFP Advisors Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth approximately $35,000. Arax Advisory Partners purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at $35,000. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter valued at $39,000. Steward Partners Investment Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter worth $91,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter worth $253,000.
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.
Featured Stories
- Five stocks we like better than Invesco S&P 500 Equal Weight Financials ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Invesco S&P 500 Equal Weight Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
