Short Interest in Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Decreases By 42.1%

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,264 shares, a decline of 42.1% from the May 31st total of 2,184 shares. Based on an average trading volume of 18,986 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners bought a new stake in Invesco S&P 500 Equal Weight Financials ETF in the fourth quarter valued at $35,000. IFP Advisors Inc bought a new position in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $35,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 3rd quarter worth about $39,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter worth about $91,000. Finally, Asset One Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at about $332,000.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight Financials ETF stock traded up $1.44 on Thursday, reaching $81.07. 57,013 shares of the company were exchanged, compared to its average volume of 14,382. The company’s 50-day moving average is $76.24 and its two-hundred day moving average is $76.00. The firm has a market cap of $299.96 million, a price-to-earnings ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a 1-year low of $69.04 and a 1-year high of $81.29.

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.