Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 57,364 shares, an increase of 306.3% from the September 30th total of 14,117 shares. Based on an average trading volume of 283,926 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.
Invesco S&P 500 Equal Weight Income Advantage ETF Trading Up 0.9%
Shares of NYSEARCA:RSPA traded up $0.45 on Thursday, reaching $53.32. 148,430 shares of the company’s stock were exchanged, compared to its average volume of 191,243. Invesco S&P 500 Equal Weight Income Advantage ETF has a twelve month low of $49.03 and a twelve month high of $55.16. The company has a fifty day moving average of $53.07 and a 200-day moving average of $52.62. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.77 and a beta of 0.59.
Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF
Large investors have recently modified their holdings of the stock. Onyx Bridge Wealth Group LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Income Advantage ETF by 44.2% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 6,902 shares of the company’s stock worth $356,000 after buying an additional 2,114 shares in the last quarter. Barnett & Company Inc. lifted 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 worth $705,000 after buying an additional 2,259 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 41.6% in the third quarter. Brown Lisle Cummings Inc. now owns 11,144 shares of the company’s stock valued at $574,000 after buying an additional 3,275 shares in the last quarter. Retirement Financial Solutions LLC boosted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 2.0% in the first quarter. Retirement Financial Solutions LLC now owns 186,750 shares of the company’s stock valued at $9,337,000 after buying an additional 3,587 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the first quarter valued at about $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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