Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Increases By 654.9%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 38,635 shares, a growth of 654.9% from the July 30th total of 5,118 shares. Based on an average daily trading volume, of 308,740 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Down 0.2%

Invesco S&P 500 Equal Weight Income Advantage ETF stock traded down $0.13 during mid-day trading on Thursday, hitting $54.54. 296,564 shares of the company’s stock traded hands, compared to its average volume of 171,815. The company has a market cap 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 firm has a 50 day moving average price of $53.92 and a 200 day moving average price of $52.61.

Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% during the fourth quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock valued at $32,798,000 after buying an additional 219,201 shares in the last quarter. Retirement Financial Solutions LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the fourth quarter worth about $9,334,000. Lane Brothers & Co. Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter worth about $6,025,000. UBS Group AG acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 3rd quarter valued at about $4,769,000. Finally, Cetera Investment Advisers increased its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 66.6% during the 1st quarter. Cetera Investment Advisers now owns 206,517 shares of the company’s stock valued at $10,325,000 after acquiring an additional 82,588 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.