Short Interest in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Expands By 27.3%

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 156,822 shares, an increase of 27.3% from the March 15th total of 123,215 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average daily volume of 181,559 shares, the days-to-cover ratio is presently 0.9 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSPG. Flaharty Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter valued at $35,816,000. Matauro LLC lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 6.4% during the 4th quarter. Matauro LLC now owns 268,561 shares of the company’s stock worth $21,373,000 after acquiring an additional 16,238 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 290.4% during the 3rd 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. Guild Investment Management Inc. acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $5,218,000. Finally, Oarsman Capital Inc. lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 4.7% during the 4th quarter. Oarsman Capital Inc. now owns 57,879 shares of the company’s stock worth $4,606,000 after acquiring an additional 2,585 shares in the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

NYSEARCA RSPG traded up $1.56 during mid-day trading on Thursday, reaching $102.02. 49,815 shares of the stock were exchanged, compared to its average volume of 173,303. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $68.21 and a 1-year high of $114.01. The business’s fifty day simple moving average is $101.90 and its 200 day simple moving average is $88.31. The stock has a market capitalization of $622.32 million, a PE ratio of 13.87 and a beta of 0.55.

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.