Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Drops By 42.3%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 10,600 shares, a decrease of 42.3% from the December 31st total of 18,367 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 10,825 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 10,825 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

Invesco S&P 500 Equal Weight Financials ETF stock traded down $0.13 during trading on Friday, reaching $77.64. 958 shares of the company were exchanged, compared to its average volume of 9,468. The stock’s 50 day simple moving average is $78.22 and its two-hundred day simple moving average is $77.18. The company has a market capitalization of $301.22 million, a P/E ratio of 16.51 and a beta of 0.97. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $61.66 and a 52-week high of $81.29.

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the third quarter valued at approximately $39,000. AlphaCore Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 35.4% during the second quarter. AlphaCore Capital LLC now owns 1,148 shares of the company’s stock valued at $87,000 after acquiring an additional 300 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of 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 valued at $182,000 after acquiring an additional 250 shares during the period. Accordant Advisory Group Inc acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth approximately $270,000. Finally, One Charles Private Wealth Services LLC boosted its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 11.0% during the 3rd quarter. One Charles Private Wealth Services LLC now owns 4,762 shares of the company’s stock worth $370,000 after purchasing an additional 472 shares during the period.

About Invesco S&P 500 Equal Weight Financials ETF

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.