Short Interest in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Increases By 304.5%

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 61,255 shares, a growth of 304.5% from the December 31st total of 15,142 shares. Based on an average daily volume of 96,183 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the shares of the company are sold short. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 96,183 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RSPG. Jane Street Group LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the first quarter worth $392,000. Truist Financial Corp boosted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 23.3% in the 2nd quarter. Truist Financial Corp now owns 5,786 shares of the company’s stock worth $431,000 after buying an additional 1,095 shares during the period. Hilltop National Bank purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter worth about $26,000. Ameritas Advisory Services LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the second quarter worth about $26,000. Finally, Friedenthal Financial lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 2.3% during the 2nd quarter. Friedenthal Financial now owns 7,144 shares of the company’s stock valued at $532,000 after acquiring an additional 161 shares during the period.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.6%

RSPG traded up $0.49 during midday trading on Friday, hitting $89.39. 207,677 shares of the company were exchanged, compared to its average volume of 113,204. The company’s 50 day simple moving average is $82.15 and its 200 day simple moving average is $79.08. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $63.76 and a 1-year high of $91.32. The firm has a market capitalization of $518.46 million, a price-to-earnings ratio of 13.87 and a beta of 0.87.

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.