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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 20,495 shares, a decrease of 41.0% from the August 15th total of 34,759 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 90,546 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RSPG. Stonebridge Financial Group LLC lifted its holdings 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 acquiring an additional 3,998 shares during the last quarter. Lee Johnson Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter valued at $6,823,000. Oarsman Capital Inc. lifted its stake 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. Royal Bank of Canada lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 28.6% during the 1st quarter. Royal Bank of Canada now owns 41,264 shares of the company’s stock worth $4,517,000 after acquiring an additional 9,173 shares in the last quarter. Finally, Ocean Park Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter valued at about $4,501,000.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 3.2%

Invesco S&P 500 Equal Weight Energy ETF stock traded down $3.76 during midday trading on Wednesday, hitting $113.35. 88,290 shares of the stock were exchanged, compared to its average volume of 130,482. The stock’s 50-day simple moving average is $109.28 and its 200 day simple moving average is $105.55. The stock has a market capitalization of $571.28 million, a price-to-earnings ratio of 13.87 and a beta of 0.49. Invesco S&P 500 Equal Weight Energy ETF has a fifty-two week low of $74.43 and a fifty-two week high of $118.15.

About Invesco S&P 500 Equal Weight Energy ETF

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.