Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Sees Large Decrease in Short Interest

Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 23,126 shares, a drop of 22.7% from the February 26th total of 29,906 shares. Based on an average daily volume of 136,599 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Performance

NYSEARCA:RSPA opened at $49.34 on Friday. The company has a market capitalization of $554.58 million, a price-to-earnings ratio of 20.77 and a beta of 0.70. Invesco S&P 500 Equal Weight Income Advantage ETF has a one year low of $43.04 and a one year high of $53.58. The stock has a 50-day simple moving average of $51.88 and a 200 day simple moving average of $51.32.

Invesco S&P 500 Equal Weight Income Advantage ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a $0.4108 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Monday, February 23rd. This is a positive change from Invesco S&P 500 Equal Weight Income Advantage ETF’s previous monthly dividend of $0.41.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% during the second quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after purchasing an additional 216,221 shares during the last quarter. LPL Financial LLC increased 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 valued at $32,798,000 after purchasing an additional 219,201 shares during the last quarter. Retirement Financial Solutions LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF during the fourth quarter valued at $9,334,000. Jones Financial Companies Lllp raised its holdings in shares of 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 period. Finally, UBS Group AG raised its holdings in shares of 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 purchasing an additional 73,199 shares during the period.

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.