Short Interest in Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Decreases By 47.6%

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 12,125 shares, a decline of 47.6% from the March 15th total of 23,126 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 111,710 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake 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 worth $32,798,000 after purchasing an additional 219,201 shares during the last quarter. Retirement Financial Solutions LLC purchased a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter worth approximately $9,334,000. Jones Financial Companies Lllp lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 71.5% during the third quarter. Jones Financial Companies Lllp now owns 169,808 shares of the company’s stock worth $8,585,000 after purchasing an additional 70,823 shares during the last quarter. UBS Group AG increased its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 78.4% during the fourth quarter. UBS Group AG now owns 166,576 shares of the company’s stock worth $8,489,000 after buying an additional 73,199 shares during the period. Finally, Jane Street Group LLC increased its position in Invesco S&P 500 Equal Weight Income Advantage ETF by 57.0% during the fourth quarter. Jane Street Group LLC now owns 143,360 shares of the company’s stock worth $7,306,000 after buying an additional 52,066 shares during the period.

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

RSPA stock traded down $0.10 during trading on Wednesday, hitting $51.60. 23,730 shares of the company’s stock were exchanged, compared to its average volume of 139,908. The business has a 50-day moving average price of $51.57 and a two-hundred day moving average price of $51.31. The stock has a market capitalization of $700.73 million, a price-to-earnings ratio of 20.77 and a beta of 0.68. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52-week low of $44.80 and a 52-week high of $53.58.

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.