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

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,264 shares, a drop of 42.1% from the May 31st total of 2,184 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,986 shares, the days-to-cover ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Financials ETF Stock Up 2.7%

Shares of NYSEARCA RSPF traded up $2.08 during midday trading on Wednesday, hitting $79.63. The stock had a trading volume of 20,190 shares, compared to its average volume of 14,039. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $81.29. The company has a market capitalization of $289.85 million, a price-to-earnings ratio of 16.51 and a beta of 0.86. The company has a fifty day moving average price of $76.10 and a 200 day moving average price of $75.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RSPF. Geneos Wealth Management Inc. grew its stake in Invesco S&P 500 Equal Weight Financials ETF by 2.9% during the second quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock worth $507,000 after buying an additional 190 shares during the period. National Bank of Canada FI raised its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.3% in the 3rd quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock valued at $1,530,000 after acquiring an additional 255 shares during the period. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at $35,000. IFP Advisors Inc purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at $35,000. Finally, Lido Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.1% during the 1st quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock valued at $823,000 after acquiring an additional 452 shares in the last quarter.

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.