Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Shares Shorted: Short Interest Down 47.6% in September

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 24,307 shares, a drop of 47.6% from the August 31st total of 46,357 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 268,719 shares, the short-interest ratio is presently 0.1 days.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

Shares of NYSEARCA:RSPA traded down $0.22 during mid-day trading on Wednesday, hitting $51.55. The stock had a trading volume of 189,131 shares, compared to its average volume of 181,576. The company has a market cap of $1.18 billion, a PE ratio of 20.77 and a beta of 0.56. Invesco S&P 500 Equal Weight Income Advantage ETF has a 12-month low of $49.03 and a 12-month high of $55.16. The company’s 50 day moving average is $53.77 and its 200-day moving average is $52.72.

Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the second quarter valued at $1,486,000. Integrated Wealth Concepts LLC purchased a new position in Invesco S&P 500 Equal Weight Income Advantage ETF during the 2nd quarter valued at about $278,000. IFP Advisors Inc increased its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 174.9% in the 2nd quarter. IFP Advisors Inc now owns 11,641 shares of the company’s stock valued at $621,000 after purchasing an additional 7,406 shares during the period. Brown Lisle Cummings Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 136.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 7,869 shares of the company’s stock valued at $420,000 after purchasing an additional 4,544 shares during the period. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the second quarter worth approximately $371,000.

About Invesco S&P 500 Equal Weight Income Advantage ETF

The Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the S&P 500 Equal Weight Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection RSPA was launched on Jul 17, 2024 and is issued by Invesco.