Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 14,117 shares, a decline of 41.9% from the September 15th total of 24,307 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 211,443 shares, the short-interest ratio is presently 0.1 days.
Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance
RSPA stock traded up $0.50 on Thursday, reaching $52.90. The company’s stock had a trading volume of 176,753 shares, compared to its average volume of 186,870. Invesco S&P 500 Equal Weight Income Advantage ETF has a 52 week low of $49.03 and a 52 week high of $55.16. The company has a market capitalization of $1.22 billion, a P/E ratio of 20.77 and a beta of 0.59. The firm has a fifty day moving average of $53.43 and a two-hundred day moving average of $52.86.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Brown Lisle Cummings Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 82.2% in the first quarter. Brown Lisle Cummings Inc. now owns 3,325 shares of the company’s stock valued at $166,000 after acquiring an additional 1,500 shares in the last quarter. Barnett & Company Inc. increased its position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 19.1% during the 1st quarter. Barnett & Company Inc. now owns 14,101 shares of the company’s stock valued at $705,000 after purchasing an additional 2,259 shares during the period. Stenger Family Office LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the 4th quarter valued at $118,000. Retirement Financial Solutions LLC raised its stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 2.0% in the 1st quarter. Retirement Financial Solutions LLC now owns 186,750 shares of the company’s stock worth $9,337,000 after buying an additional 3,587 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Income Advantage ETF in the 1st quarter worth $194,000.
Invesco S&P 500 Equal Weight Income Advantage ETF Company Profile
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.
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