Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Expands By 17.6%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 11,122 shares, an increase of 17.6% from the February 12th total of 9,459 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 24,798 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 24,798 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

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

A number of hedge funds have recently bought and sold shares of RSPF. HHM Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight Financials ETF by 6.3% during the 3rd quarter. HHM Wealth Advisors LLC now owns 2,547 shares of the company’s stock valued at $198,000 after acquiring an additional 152 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock worth $507,000 after acquiring an additional 190 shares during the period. National Bank of Canada FI raised its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.3% during the third quarter. National Bank of Canada FI now owns 19,699 shares of the company’s stock valued at $1,530,000 after purchasing an additional 255 shares during the last quarter. AlphaCore Capital LLC raised its holdings 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 purchasing an additional 300 shares during the last quarter. Finally, Sandbox Financial Partners LLC lifted its position in Invesco S&P 500 Equal Weight Financials ETF by 1.6% during the third quarter. Sandbox Financial Partners LLC now owns 21,613 shares of the company’s stock valued at $1,681,000 after purchasing an additional 342 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of RSPF stock traded up $0.50 during mid-day trading on Monday, hitting $71.37. The company’s stock had a trading volume of 47,846 shares, compared to its average volume of 15,231. The stock has a market cap of $276.92 million, a price-to-earnings 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. The business has a 50-day moving average price of $76.45 and a 200 day moving average price of $76.78.

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.