Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 40.9% in December

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 14,847 shares, a growth of 40.9% from the November 30th total of 10,538 shares. Based on an average daily trading volume, of 8,535 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 8,535 shares, the days-to-cover ratio is presently 1.7 days.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of NYSEARCA RSPF traded down $0.23 during mid-day trading on Tuesday, reaching $79.23. The company had a trading volume of 2,303 shares, compared to its average volume of 10,769. The company has a market capitalization of $328.80 million, a price-to-earnings ratio of 16.51 and a beta of 0.97. The stock has a fifty day moving average of $76.48 and a two-hundred day moving average of $76.65. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $61.66 and a 12-month high of $80.23.

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

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter valued at $39,000. AlphaCore Capital LLC boosted its position in 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 purchasing an additional 300 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in Invesco S&P 500 Equal Weight Financials ETF by 11.7% during the second quarter. HHM Wealth Advisors LLC now owns 2,395 shares of the company’s stock valued at $182,000 after purchasing an additional 250 shares during the last quarter. McAdam LLC purchased a new position in Invesco S&P 500 Equal Weight Financials ETF in the second quarter valued at about $207,000. Finally, Accordant Advisory Group Inc acquired a new position in Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth about $270,000.

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.