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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a large growth in short interest in 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. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 96,183 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 96,183 shares, the short-interest ratio is presently 0.6 days. Approximately 1.1% of the company’s stock are short sold.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

Invesco S&P 500 Equal Weight Energy ETF stock traded up $0.50 during midday trading on Friday, hitting $89.40. 207,750 shares of the company’s stock were exchanged, compared to its average volume of 113,207. Invesco S&P 500 Equal Weight Energy ETF has a 52-week low of $63.76 and a 52-week high of $91.32. The company has a market cap of $518.52 million, a P/E ratio of 13.87 and a beta of 0.87. The stock has a 50-day moving average price of $82.15 and a two-hundred day moving average price of $79.08.

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

Several institutional investors have recently bought and sold shares of the stock. Flaharty Asset Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the third quarter valued at approximately $35,816,000. Guild Investment Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth $5,218,000. Farther Finance Advisors LLC lifted its stake 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 valued at $6,330,000 after acquiring an additional 59,139 shares during the period. BNP Paribas Financial Markets lifted its position in Invesco S&P 500 Equal Weight Energy ETF by 402.6% during the second quarter. BNP Paribas Financial Markets now owns 50,256 shares of the company’s stock valued at $3,743,000 after purchasing an additional 40,256 shares during the period. Finally, Financial Guidance Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at $1,722,000.

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.