Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Stock Short Interest Declines 38.4%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 17,944 shares, a decrease of 38.4% from the August 31st total of 29,120 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 201,201 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 2nd quarter valued at approximately $253,000. Walker Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight Financials ETF by 4.4% in the second quarter. Walker Asset Management LLC now owns 22,712 shares of the company’s stock worth $1,761,000 after purchasing an additional 947 shares in the last quarter. Bank of America Corp DE lifted its position in 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 buying an additional 6,433 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the 1st quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock valued at $1,488,000 after buying an additional 1,752 shares in the last quarter. Finally, Lido Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% in the 1st quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock worth $823,000 after buying an additional 452 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 0.1%

Shares of RSPF stock traded up $0.04 during mid-day trading on Thursday, reaching $77.44. 12,916 shares of the stock traded hands, compared to its average volume of 25,836. The company has a market cap of $371.71 million, a price-to-earnings ratio of 16.51 and a beta of 0.84. The stock’s fifty day simple moving average is $83.21 and its two-hundred day simple moving average is $78.53. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $86.03.

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.