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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 11,942 shares, a decrease of 47.9% from the September 30th total of 22,919 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 79,702 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RSPG. Centaurus Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter valued at about $135,000. Vivaldi Capital Management LP acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the first quarter valued at approximately $229,000. Independent Financial Group LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the first quarter valued at approximately $243,000. Fifth Third Bancorp bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the first quarter valued at approximately $250,000. Finally, Crescent Grove Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter worth approximately $256,000.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

Invesco S&P 500 Equal Weight Energy ETF stock traded up $2.00 during midday trading on Friday, reaching $120.95. The stock had a trading volume of 74,974 shares, compared to its average volume of 122,574. The stock has a market capitalization of $682.16 million, a P/E ratio of 13.87 and a beta of 0.56. The firm’s fifty day simple moving average is $114.73 and its 200-day simple moving average is $104.89. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $76.61 and a 1-year high of $121.27.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

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.