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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 28,989 shares, a decrease of 51.0% from the June 30th total of 59,177 shares. Based on an average daily volume of 89,267 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Walker Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 2.0% in the second quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock worth $656,000 after acquiring an additional 130 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.9% during the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $328,000 after acquiring an additional 139 shares in the last quarter. Somerset Trust Co increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after acquiring an additional 165 shares in the last quarter. Longview Financial Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the 2nd quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock valued at $592,000 after purchasing an additional 251 shares during the last quarter. Finally, Yoder Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.0% in the 1st quarter. Yoder Wealth Management Inc. now owns 2,878 shares of the company’s stock valued at $315,000 after purchasing an additional 286 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 0.4%

Shares of Invesco S&P 500 Equal Weight Energy ETF stock traded up $0.43 during trading on Thursday, reaching $105.31. The company’s stock had a trading volume of 43,346 shares, compared to its average volume of 139,425. The company has a market cap of $554.98 million, a price-to-earnings ratio of 13.87 and a beta of 0.47. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $73.30 and a 1-year high of $114.01. The company has a 50-day simple moving average of $102.43 and a two-hundred day simple moving average of $100.44.

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.