Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Stock Short Interest Declines 41.9%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 14,117 shares, a decline of 41.9% from the September 15th total of 24,307 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 211,443 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Brown Lisle Cummings Inc. grew its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% during the 1st quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock valued at $166,000 after buying an additional 1,500 shares in the last quarter. Barnett & Company Inc. raised its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 19.1% during the first quarter. Barnett & Company Inc. now owns 14,101 shares of the company’s stock valued at $705,000 after buying an additional 2,259 shares during the last quarter. Stenger Family Office LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at approximately $118,000. Retirement Financial Solutions LLC lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 2.0% in the 1st quarter. Retirement Financial Solutions LLC now owns 186,750 shares of the company’s stock worth $9,337,000 after purchasing an additional 3,587 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the 1st quarter worth $194,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Down 0.1%

NYSEARCA:RSPA traded down $0.07 during mid-day trading on Friday, hitting $52.88. 186,466 shares of the company traded hands, compared to its average volume of 187,265. The stock’s fifty day moving average price is $53.37 and its 200-day moving average price is $52.88. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 20.77 and a beta of 0.59. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $49.03 and a one year high of $55.16.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

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.