Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Update

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 49,130 shares, an increase of 195.9% from the January 15th total of 16,604 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 127,639 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 127,639 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter valued at $26,000. Sara Bay Financial bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter valued at about $36,000. Brown Lisle Cummings Inc. boosted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 571.4% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,175 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the period. Private Trust Co. NA bought a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth about $71,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter valued at approximately $156,000.

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

Invesco S&P 500 Equal Weight Income Advantage ETF stock opened at $52.91 on Friday. The company’s fifty day moving average price is $51.83 and its 200 day moving average price is $51.03. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $43.04 and a 1 year high of $53.58. The stock has a market capitalization of $594.71 million, a P/E ratio of 20.77 and a beta of 0.70.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a dividend of $0.4056 per share. The ex-dividend date was Tuesday, January 20th. This is an increase from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a yield of 9.2%.

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.