Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 1,084.2% in August

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 29,120 shares, a growth of 1,084.2% from the August 15th total of 2,459 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 15,250 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSPF. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the second quarter worth about $253,000. Walker Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 4.4% in the second quarter. Walker Asset Management LLC now owns 22,712 shares of the company’s stock worth $1,761,000 after acquiring an additional 947 shares during the period. Bank of America Corp DE raised its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 252,117 shares of the company’s stock valued at $17,999,000 after buying an additional 6,433 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 9.2% in the first quarter. Sunbelt Securities Inc. now owns 20,838 shares of the company’s stock worth $1,488,000 after buying an additional 1,752 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight Financials ETF by 4.1% during the first quarter. Lido Advisors LLC now owns 11,526 shares of the company’s stock worth $823,000 after acquiring an additional 452 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

RSPF stock traded down $0.25 during midday trading on Thursday, reaching $82.60. The stock had a trading volume of 11,867 shares, compared to its average volume of 15,351. The stock has a market cap of $303.97 million, a PE ratio of 16.51 and a beta of 0.84. The firm has a fifty day simple moving average of $83.65 and a two-hundred day simple moving average of $77.91. Invesco S&P 500 Equal Weight Financials ETF has a 52-week low of $69.04 and a 52-week high of $86.03.

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.