Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Stock Short Interest Declines 47.9%

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 11,942 shares, a decrease of 47.9% from the September 30th total of 22,919 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,702 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently made changes to their positions in RSPG. Valley Wealth Managers Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth about $6,026,000. Courage Miller Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter valued at about $2,132,000. Empowered Funds LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter valued at about $1,862,000. Vanguard Capital Wealth Advisors purchased a new position in Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter valued at about $1,101,000. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 28.6% in the 1st quarter. Royal Bank of Canada now owns 41,264 shares of the company’s stock valued at $4,517,000 after purchasing an additional 9,173 shares in the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

NYSEARCA:RSPG traded up $2.00 during trading hours on Friday, reaching $120.95. 74,974 shares of the company traded hands, compared to its average volume of 122,574. The firm’s 50-day moving average is $114.73 and its 200-day moving average is $104.89. The stock has a market cap of $680.95 million, a P/E ratio of 13.87 and a beta of 0.56. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $76.61 and a 1-year high of $121.27.

Invesco S&P 500 Equal Weight Energy ETF Company Profile

(Get Free Report)

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.

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