Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Down 64.5% in April

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,173 shares, a decrease of 64.5% from the April 15th total of 8,933 shares. Based on an average trading volume of 8,585 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. Arax Advisory Partners purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at $35,000. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at $39,000. Steward Partners Investment Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at $91,000. Finally, HHM Wealth Advisors LLC raised its stake in Invesco S&P 500 Equal Weight Financials ETF by 6.3% during the third quarter. HHM Wealth Advisors LLC now owns 2,547 shares of the company’s stock valued at $198,000 after purchasing an additional 152 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Trading Down 0.3%

Shares of NYSEARCA:RSPF traded down $0.23 during midday trading on Friday, reaching $74.77. 5,178 shares of the company were exchanged, compared to its average volume of 12,783. The business’s fifty day moving average is $73.54 and its two-hundred day moving average is $75.75. Invesco S&P 500 Equal Weight Financials ETF has a one year low of $69.04 and a one year high of $81.29. The stock has a market cap of $272.16 million, a PE ratio of 16.51 and a beta of 0.87.

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.