Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 29,874 shares, a decrease of 68.5% from the May 14th total of 94,709 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 162,231 shares, the days-to-cover ratio is presently 0.2 days.
Invesco S&P 500 Equal Weight Income Advantage ETF Price Performance
Invesco S&P 500 Equal Weight Income Advantage ETF stock traded up $0.41 during mid-day trading on Friday, reaching $53.34. The stock had a trading volume of 163,996 shares, compared to its average volume of 144,088. The company has a market capitalization of $769.16 million, a price-to-earnings ratio of 20.77 and a beta of 0.59. The company has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $51.73. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $48.51 and a one year high of $53.58.
Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Income Advantage ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 51.6% during the 4th quarter. LPL Financial LLC now owns 643,604 shares of the company’s stock valued at $32,798,000 after acquiring an additional 219,201 shares during the period. Cetera Investment Advisers lifted its stake in 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 period. Retirement Financial Solutions LLC lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 2.0% during the 1st quarter. Retirement Financial Solutions LLC now owns 186,750 shares of the company’s stock valued at $9,337,000 after acquiring an additional 3,587 shares during the period. UBS Group AG lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 78.4% during the 4th quarter. UBS Group AG now owns 166,576 shares of the company’s stock valued at $8,489,000 after acquiring an additional 73,199 shares during the period. Finally, Jane Street Group LLC lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 57.0% during the 4th quarter. Jane Street Group LLC now owns 143,360 shares of the company’s stock valued at $7,306,000 after acquiring an additional 52,066 shares during the period.
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.
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