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 August. As of August 14th, there was short interest totaling 38,635 shares, an increase of 654.9% from the July 30th total of 5,118 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 308,740 shares, the days-to-cover ratio is currently 0.1 days.

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

Invesco S&P 500 Equal Weight Income Advantage ETF stock opened at $54.53 on Wednesday. The firm has a market capitalization of $1.04 billion, a PE ratio of 20.77 and a beta of 0.57. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $49.03 and a one year high of $55.16. The stock’s 50 day moving average price is $53.88 and its 200 day moving average price is $52.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RSPA. CIBC Private Wealth Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter valued at $26,000. Stenger Family Office LLC acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 4th quarter worth $118,000. JPMorgan Chase & Co. acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the 3rd quarter worth $156,000. Brown Lisle Cummings Inc. boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% in the 1st quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock valued at $166,000 after buying an additional 1,500 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 99.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,816 shares of the company’s stock valued at $190,000 after buying an additional 1,907 shares during the last quarter.

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.