Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 10,875 shares, a decrease of 79.5% from the September 30th total of 53,060 shares. Based on an average daily trading volume, of 23,569 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF
A number of institutional investors have recently bought and sold shares of RSPF. Mondrian Investment Partners LTD purchased a new position in Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at $139,000. Integrated Wealth Concepts LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the second quarter valued at about $253,000. Axxcess Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at about $320,000. Geneos Wealth Management Inc. grew its holdings in Invesco S&P 500 Equal Weight Financials ETF by 19.0% during the first quarter. Geneos Wealth Management Inc. now owns 7,623 shares of the company’s stock valued at $544,000 after purchasing an additional 1,218 shares during the period. Finally, Perryman Financial Advisory Inc. AD bought a new stake in Invesco S&P 500 Equal Weight Financials ETF during the third quarter valued at about $616,000.
Invesco S&P 500 Equal Weight Financials ETF Trading Up 0.0%
RSPF opened at $81.57 on Tuesday. The firm’s 50 day simple moving average is $81.62 and its two-hundred day simple moving average is $78.18. The company has a market capitalization of $304.26 million, a PE ratio of 16.51 and a beta of 0.86. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $86.03.
Invesco S&P 500 Equal Weight Financials ETF Company Profile
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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