Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Sees Significant Increase in Short Interest

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 53,060 shares, a growth of 195.7% from the September 15th total of 17,944 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 26,593 shares, the short-interest ratio is currently 2.0 days.

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

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in Invesco S&P 500 Equal Weight Financials ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock worth $17,999,000 after buying an additional 6,433 shares during the period. Yoder Wealth Management Inc. raised its holdings in Invesco S&P 500 Equal Weight Financials ETF by 2.9% during the first quarter. Yoder Wealth Management Inc. now owns 44,502 shares of the company’s stock worth $3,177,000 after purchasing an additional 1,250 shares in the last quarter. Walker Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.4% in the second quarter. Walker Asset Management LLC now owns 22,712 shares of the company’s stock valued at $1,761,000 after buying an additional 947 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% during the 1st quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock valued at $1,488,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Pacific Sun Financial Corp boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 5.6% during the first quarter. Pacific Sun Financial Corp now owns 12,850 shares of the company’s stock worth $917,000 after buying an additional 680 shares in the last quarter.

Invesco S&P 500 Equal Weight Financials ETF Stock Down 0.4%

Shares of RSPF opened at $79.01 on Wednesday. The firm has a market cap of $383.20 million, a PE ratio of 16.51 and a beta of 0.86. The company’s fifty day moving average is $82.29 and its two-hundred day moving average is $78.99. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $69.04 and a fifty-two week high of $86.03.

Invesco S&P 500 Equal Weight Financials ETF Company Profile

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.