Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Increases By 40.9%

by · The Cerbat Gem

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 14,847 shares, a growth of 40.9% from the November 30th total of 10,538 shares. Based on an average trading volume of 8,535 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 8,535 shares, the short-interest ratio is presently 1.7 days.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

NYSEARCA RSPF traded down $0.27 on Monday, hitting $79.46. The stock had a trading volume of 12,040 shares, compared to its average volume of 10,803. The business’s fifty day moving average price is $76.42 and its 200 day moving average price is $76.60. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $61.66 and a 52-week high of $80.23. The stock has a market cap of $329.76 million, a price-to-earnings ratio of 16.51 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth about $39,000. AlphaCore Capital LLC raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 35.4% in the 2nd quarter. AlphaCore Capital LLC now owns 1,148 shares of the company’s stock valued at $87,000 after purchasing an additional 300 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight Financials ETF by 11.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 2,395 shares of the company’s stock worth $182,000 after purchasing an additional 250 shares in the last quarter. McAdam LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 2nd quarter worth approximately $207,000. Finally, Accordant Advisory Group Inc purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth approximately $270,000.

About Invesco S&P 500 Equal Weight Financials ETF

(Get Free Report)

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.

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