Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) Short Interest Up 18.1% in March

Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RSPF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 13,135 shares, a growth of 18.1% from the February 26th total of 11,122 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 18,751 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Invesco S&P 500 Equal Weight Financials ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Silver Oak Securities Incorporated grew its stake in Invesco S&P 500 Equal Weight Financials ETF by 86.6% in the 3rd quarter. Silver Oak Securities Incorporated now owns 14,455 shares of the company’s stock valued at $1,124,000 after purchasing an additional 6,709 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Invesco S&P 500 Equal Weight Financials ETF during the 3rd quarter worth $1,255,000. Osaic Holdings Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Financials ETF by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 24,822 shares of the company’s stock worth $1,892,000 after purchasing an additional 596 shares during the period. Sandbox Financial Partners LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight Financials ETF by 1.6% in the 3rd quarter. Sandbox Financial Partners LLC now owns 21,613 shares of the company’s stock worth $1,681,000 after buying an additional 342 shares during the last quarter. Finally, Walker Asset Management LLC grew its position in Invesco S&P 500 Equal Weight Financials ETF by 9.5% during the third quarter. Walker Asset Management LLC now owns 20,400 shares of the company’s stock valued at $1,587,000 after buying an additional 1,762 shares during the period.

Invesco S&P 500 Equal Weight Financials ETF Stock Performance

Invesco S&P 500 Equal Weight Financials ETF stock opened at $71.38 on Thursday. Invesco S&P 500 Equal Weight Financials ETF has a fifty-two week low of $61.66 and a fifty-two week high of $81.29. The firm’s 50-day simple moving average is $74.39 and its 200 day simple moving average is $76.19. The stock has a market cap of $263.39 million, a PE ratio of 16.51 and a beta of 0.97.

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.