Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Down 88.0% in July

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,118 shares, a decline of 88.0% from the July 15th total of 42,817 shares. Based on an average trading volume of 182,884 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

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

Invesco S&P 500 Equal Weight Income Advantage ETF stock traded down $0.02 during trading hours on Friday, hitting $54.98. 183,420 shares of the stock traded hands, compared to its average volume of 167,288. The firm’s 50 day moving average price is $53.61 and its 200-day moving average price is $52.44. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a 1 year low of $49.03 and a 1 year high of $55.03.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Large investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter worth approximately $26,000. Stenger Family Office LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter valued at $118,000. JPMorgan Chase & Co. purchased a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter valued at $156,000. Brown Lisle Cummings Inc. increased its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% in the first quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock worth $166,000 after acquiring an additional 1,500 shares during the period. Finally, Optima Capital LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth $170,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile

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.