Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Sees Large Increase in Short Interest

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 96,251 shares, an increase of 150.4% from the January 29th total of 38,440 shares. Based on an average daily volume of 205,502 shares, the short-interest ratio is presently 0.5 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 205,502 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 290.4% during the third quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock worth $6,330,000 after acquiring an additional 59,139 shares in the last quarter. Somerset Trust Co increased its position in Invesco S&P 500 Equal Weight Energy ETF by 123.8% in the 3rd quarter. Somerset Trust Co now owns 13,215 shares of the company’s stock worth $1,052,000 after purchasing an additional 7,310 shares during the last quarter. Claris Financial LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter worth about $813,000. Arkadios Wealth Advisors acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at about $544,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter valued at about $35,816,000.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.5%

Shares of Invesco S&P 500 Equal Weight Energy ETF stock traded up $1.49 during midday trading on Friday, hitting $99.78. The company’s stock had a trading volume of 189,349 shares, compared to its average volume of 133,855. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $63.76 and a 1-year high of $100.29. The firm has a market capitalization of $598.68 million, a P/E ratio of 13.87 and a beta of 0.87. The stock has a 50-day simple moving average of $87.87 and a 200-day simple moving average of $81.94.

About Invesco S&P 500 Equal Weight Energy ETF

The Invesco S&P 500 Equal Weight Energy ETF (RSPG) is an exchange-traded fund that is based on the S&P 500 Equal Weight Energy Plus index. The fund tracks an equal-weighted index of US energy companies in the S&P 500. RSPG was launched on Nov 1, 2006 and is managed by Invesco.