Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 42,888 shares, an increase of 651.4% from the June 30th total of 5,708 shares. Based on an average daily volume of 29,575 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the shares of the stock are short sold.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Financials ETF
Hedge funds have recently made changes to their positions in the business. IFP Advisors Inc acquired a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth $35,000. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Equal Weight Financials ETF in the 4th quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter valued at about $39,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 4th quarter valued at about $91,000. Finally, Asset One Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Financials ETF during the fourth quarter worth about $332,000.
Invesco S&P 500 Equal Weight Financials ETF Stock Up 1.3%
Shares of NYSEARCA:RSPF traded up $1.02 during trading on Friday, reaching $82.28. The stock had a trading volume of 40,623 shares, compared to its average volume of 15,310. The business has a fifty day moving average price of $78.29 and a 200-day moving average price of $76.32. The stock has a market cap of $303.61 million, a P/E ratio of 16.51 and a beta of 0.85. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $69.04 and a fifty-two week high of $83.19.
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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