Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 1,084.2% in August

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 29,120 shares, a growth of 1,084.2% from the August 15th total of 2,459 shares. Based on an average daily trading volume, of 15,250 shares, the short-interest ratio is currently 1.9 days. Currently, 0.8% of the shares of the stock are short sold.

Invesco S&P 500 Equal Weight Financials ETF Price Performance

NYSEARCA:RSPF traded up $0.07 during trading hours on Friday, hitting $82.67. The company’s stock had a trading volume of 1,087 shares, compared to its average volume of 15,267. Invesco S&P 500 Equal Weight Financials ETF has a twelve month low of $69.04 and a twelve month high of $86.03. The stock has a fifty day simple moving average of $83.65 and a 200-day simple moving average of $77.91. The company has a market capitalization of $304.23 million, a P/E ratio of 16.51 and a beta of 0.84.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF

A number of institutional investors have recently added to or reduced their stakes in RSPF. Royal Bank of Canada grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 16,715 shares of the company’s stock worth $1,213,000 after buying an additional 515 shares during the last quarter. NewEdge Advisors LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 142,532 shares of the company’s stock worth $10,849,000 after acquiring an additional 6,792 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock worth $507,000 after purchasing an additional 190 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Equal Weight Financials ETF by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,138 shares of the company’s stock worth $5,066,000 after purchasing an additional 538 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Invesco S&P 500 Equal Weight Financials ETF by 7.7% in the third quarter. Raymond James Financial Inc. now owns 18,269 shares of the company’s stock valued at $1,421,000 after purchasing an additional 1,299 shares during 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.