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) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 29,874 shares, a decline of 68.5% from the May 14th total of 94,709 shares. Based on an average daily trading volume, of 162,231 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Up 0.2%

Shares of RSPA traded up $0.09 during mid-day trading on Thursday, hitting $52.53. 67,866 shares of the company’s stock traded hands, compared to its average volume of 142,170. The firm has a market capitalization of $757.48 million, a P/E ratio of 20.77 and a beta of 0.59. The business’s 50-day moving average price is $51.88 and its 200-day moving average price is $51.70. 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.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPA. LPL Financial LLC grew its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% in the fourth quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock worth $32,798,000 after purchasing an additional 219,201 shares during the period. Retirement Financial Solutions LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth $9,334,000. Lane Brothers & Co. Inc. bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth $6,025,000. UBS Group AG bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter worth $4,769,000. Finally, Cetera Investment Advisers boosted its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 66.6% in the first quarter. Cetera Investment Advisers now owns 206,517 shares of the company’s stock worth $10,325,000 after acquiring an additional 82,588 shares in the last quarter.

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.