Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Short Interest Up 53.4% in July

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 44,482 shares, a growth of 53.4% from the July 15th total of 28,989 shares. Based on an average daily trading volume, of 70,030 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are sold short.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Walker Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 2.0% during the second quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock worth $656,000 after purchasing an additional 130 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter valued at about $369,000. First Heartland Consultants Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 29.2% during the 2nd quarter. First Heartland Consultants Inc. now owns 2,501 shares of the company’s stock worth $245,000 after buying an additional 565 shares in the last quarter. Howard Financial Services LTD. lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 40.7% during the 2nd quarter. Howard Financial Services LTD. now owns 4,767 shares of the company’s stock worth $467,000 after buying an additional 1,379 shares in the last quarter. Finally, Stonebridge Financial Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 6.0% in the 2nd quarter. Stonebridge Financial Group LLC now owns 70,793 shares of the company’s stock worth $6,935,000 after buying an additional 3,998 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

NYSEARCA RSPG opened at $112.27 on Tuesday. The business has a fifty day simple moving average of $102.87 and a 200 day simple moving average of $102.49. Invesco S&P 500 Equal Weight Energy ETF has a 12 month low of $73.62 and a 12 month high of $114.01. The firm has a market capitalization of $596.15 million, a P/E ratio of 13.87 and a beta of 0.48.

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.