Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Down 68.5% in May

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 29,874 shares, a drop of 68.5% from the May 14th total of 94,709 shares. Based on an average trading volume of 162,231 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at $26,000. Sara Bay Financial acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter valued at $36,000. Brown Lisle Cummings Inc. grew its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 55.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 1,825 shares of the company’s stock valued at $93,000 after buying an additional 650 shares during the period. Stenger Family Office LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter valued at about $118,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter worth about $156,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance

Shares of RSPA stock traded up $0.41 during midday trading on Friday, reaching $53.34. 163,996 shares of the company traded hands, compared to its average volume of 144,088. The firm’s 50 day simple moving average is $52.00 and its two-hundred day simple moving average is $51.73. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1-year low of $48.51 and a 1-year high of $53.58. The firm has a market cap of $769.16 million, a PE ratio of 20.77 and a beta of 0.59.

About Invesco S&P 500 Equal Weight Income Advantage ETF

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.