Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 42,888 shares, an increase of 651.4% from the June 30th total of 5,708 shares. Based on an average daily volume of 29,575 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are short sold.
Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 3.2% during the 1st 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 increased its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 142,532 shares of the company’s stock valued at $10,849,000 after acquiring an additional 6,792 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 6,658 shares of the company’s stock worth $507,000 after acquiring an additional 190 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,138 shares of the company’s stock worth $5,066,000 after acquiring an additional 538 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Invesco S&P 500 Equal Weight Financials ETF by 7.7% during the 3rd quarter. Raymond James Financial Inc. now owns 18,269 shares of the company’s stock worth $1,421,000 after acquiring an additional 1,299 shares in the last quarter.
Invesco S&P 500 Equal Weight Financials ETF Trading Up 1.3%
Invesco S&P 500 Equal Weight Financials ETF stock opened at $82.28 on Friday. The stock has a market cap of $303.61 million, a P/E ratio of 16.51 and a beta of 0.85. The company has a fifty day simple moving average of $78.29 and a 200-day simple moving average of $76.32. Invesco S&P 500 Equal Weight Financials ETF has a 12-month low of $69.04 and a 12-month high of $83.19.
About Invesco S&P 500 Equal Weight Financials ETF
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.
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