Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Declines By 39.9%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 35,989 shares, a drop of 39.9% from the December 15th total of 59,893 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 115,352 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 115,352 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the second quarter worth $56,000. Brown Lisle Cummings Inc. raised its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock worth $60,000 after purchasing an additional 1,000 shares during the last quarter. Private Trust Co. NA bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth about $71,000. JPMorgan Chase & Co. purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter valued at about $156,000. Finally, Osaic Holdings Inc. grew its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock valued at $190,000 after purchasing an additional 1,907 shares during the last quarter.

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

NYSEARCA RSPA traded down $0.11 during trading hours on Friday, reaching $52.34. 122,033 shares of the company’s stock traded hands, compared to its average volume of 109,348. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $43.04 and a 52-week high of $52.70. The firm has a 50-day simple moving average of $51.16 and a 200 day simple moving average of $50.76. The firm has a market cap of $553.76 million, a PE ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were paid a $0.3925 dividend. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Monday, November 24th. This is an increase from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.39.

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.