Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 13,135 shares, a growth of 18.1% from the February 26th total of 11,122 shares. Based on an average trading volume of 18,751 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short.
Invesco S&P 500 Equal Weight Financials ETF Trading Up 2.1%
Invesco S&P 500 Equal Weight Financials ETF stock opened at $71.39 on Wednesday. The firm has a market cap of $276.99 million, a P/E ratio of 16.51 and a beta of 0.97. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $61.66 and a 1-year high of $81.29. The firm has a 50-day moving average of $74.53 and a 200-day moving average of $76.22.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Financials ETF
Several institutional investors and hedge funds have recently bought and sold shares of RSPF. Arax Advisory Partners purchased a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter valued at approximately $35,000. IFP Advisors Inc purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter worth $35,000. Advisory Services Network LLC purchased a new stake in Invesco S&P 500 Equal Weight Financials ETF in the third quarter worth $39,000. Steward Partners Investment Advisory LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at $91,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Equal Weight Financials ETF by 6.3% in the third quarter. HHM Wealth Advisors LLC now owns 2,547 shares of the company’s stock valued at $198,000 after acquiring an additional 152 shares in the last quarter.
About Invesco S&P 500 Equal Weight Financials ETF
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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