Invesco S&P 500 Equal Weight Income Advantage ETF (NYSEARCA:RSPA) Short Interest Update

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

Institutional Trading of Invesco S&P 500 Equal Weight Income Advantage ETF

Several hedge funds have recently made changes to their positions in RSPA. Invesco Ltd. grew its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 4.5% during the 2nd quarter. Invesco Ltd. now owns 5,055,292 shares of the company’s stock worth $252,209,000 after buying an additional 216,221 shares during the last quarter. Advisor OS LLC bought a new stake in Invesco S&P 500 Equal Weight Income Advantage ETF in the third quarter valued at $1,908,000. Jones Financial Companies Lllp lifted its stake in Invesco S&P 500 Equal Weight Income Advantage ETF by 71.5% in the third quarter. Jones Financial Companies Lllp now owns 169,808 shares of the company’s stock valued at $8,585,000 after buying an additional 70,823 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at $1,506,000. Finally, MJP Associates Inc. ADV acquired a new position in shares of Invesco S&P 500 Equal Weight Income Advantage ETF during the third quarter valued at $1,580,000.

Invesco S&P 500 Equal Weight Income Advantage ETF Stock Down 1.1%

RSPA opened at $49.34 on Friday. The company’s 50-day moving average price is $51.88 and its 200 day moving average price is $51.32. Invesco S&P 500 Equal Weight Income Advantage ETF has a fifty-two week low of $43.04 and a fifty-two week high of $53.58. The firm has a market cap 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 Increases Dividend

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

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.