Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Down 53.9% in January

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 16,604 shares, a drop of 53.9% from the December 31st total of 35,989 shares. Based on an average daily volume of 108,122 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 108,122 shares, the short-interest ratio is presently 0.2 days.

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

Shares of RSPA stock opened at $51.98 on Thursday. The firm has a market capitalization of $559.32 million, a P/E ratio of 20.77 and a beta of 0.70. The firm’s fifty day moving average price is $51.40 and its two-hundred day moving average price is $50.85. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $43.04 and a 1 year high of $52.70.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a $0.4056 dividend. This is a positive change from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 399.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 64,780 shares of the company’s stock valued at $3,232,000 after buying an additional 51,821 shares during the period. Invesco Ltd. raised its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% during the second quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after buying an additional 216,221 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 237.3% in the second quarter. Janney Montgomery Scott LLC now owns 26,161 shares of the company’s stock valued at $1,305,000 after buying an additional 18,406 shares during the period. Perigon Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at $1,506,000. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 106.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 54,221 shares of the company’s stock valued at $2,705,000 after purchasing an additional 28,001 shares during the period.

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.