Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Stock Short Interest Report for September

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 53,060 shares, an increase of 195.7% from the September 15th total of 17,944 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 26,593 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RSPF. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the first quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after purchasing an additional 6,433 shares in the last quarter. Yoder Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the 1st quarter. Yoder Wealth Management Inc. now owns 44,502 shares of the company’s stock worth $3,177,000 after buying an additional 1,250 shares during the last quarter. Walker Asset Management LLC raised its stake in Invesco S&P 500 Equal Weight Financials ETF by 4.4% during the second quarter. Walker Asset Management LLC now owns 22,712 shares of the company’s stock valued at $1,761,000 after buying an additional 947 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings 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 worth $1,488,000 after acquiring an additional 1,752 shares in the last quarter. Finally, Pacific Sun Financial Corp increased 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 in the last quarter.

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

Shares of NYSEARCA:RSPF traded down $0.31 during midday trading on Tuesday, hitting $79.01. 23,132 shares of the stock traded hands, compared to its average volume of 25,914. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $69.04 and a one year high of $86.03. The stock has a market capitalization of $383.20 million, a PE ratio of 16.51 and a beta of 0.86. The business’s 50 day moving average is $82.41 and its two-hundred day moving average is $78.93.

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.