Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Stock Short Interest Drops 47.6%

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RSPA. Matthew Goff Investment Advisor LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 1st quarter valued at approximately $3,565,000. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 54.0% in the 1st quarter. Private Advisor Group LLC now owns 36,855 shares of the company’s stock worth $1,843,000 after purchasing an additional 12,927 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 19.7% in the 1st quarter. Royal Bank of Canada now owns 83,409 shares of the company’s stock valued at $4,170,000 after purchasing an additional 13,749 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 66.6% during the first quarter. Cetera Investment Advisers now owns 206,517 shares of the company’s stock worth $10,325,000 after purchasing an additional 82,588 shares during the last quarter. Finally, Lane Brothers & Co. Inc. acquired a new position in Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth about $6,025,000.

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

Shares of NYSEARCA:RSPA traded up $0.14 during midday trading on Thursday, hitting $51.69. 228,228 shares of the company’s stock traded hands, compared to its average volume of 181,834. The firm’s fifty day moving average price is $53.71 and its two-hundred day moving average price is $52.73. Invesco S&P 500 Equal Weight Income Advantage ETF has a twelve month low of $49.03 and a twelve month high of $55.16. The company has a market cap of $1.19 billion, a PE ratio of 20.77 and a beta of 0.56.

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.