Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Shares Shorted: Short Interest Down 79.5% in October

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 10,875 shares, a drop of 79.5% from the September 30th total of 53,060 shares. Based on an average trading volume of 23,569 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of NYSEARCA:RSPF traded up $0.23 during midday trading on Wednesday, reaching $81.23. The company’s stock had a trading volume of 6,702 shares, compared to its average volume of 33,315. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $69.04 and a fifty-two week high of $86.03. The firm has a 50 day moving average price of $81.47 and a two-hundred day moving average price of $78.19. The firm has a market capitalization of $302.99 million, a price-to-earnings ratio of 16.51 and a beta of 0.86.

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

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after acquiring an additional 6,433 shares in the last quarter. WestEnd Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter valued at $2,522,000. Walker Asset Management LLC boosted 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 worth $1,761,000 after acquiring an additional 947 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Invesco S&P 500 Equal Weight Financials ETF by 9.2% during 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 boosted its stake in 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 worth $917,000 after acquiring an additional 680 shares in the last quarter.

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.