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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 28,989 shares, a drop of 51.0% from the June 30th total of 59,177 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 89,267 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPG. Walker Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.0% during the 2nd quarter. Walker Asset Management LLC now owns 6,698 shares of the company’s stock worth $656,000 after buying an additional 130 shares during the period. Lido Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight Energy ETF by 4.9% during the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock worth $328,000 after buying an additional 139 shares in the last quarter. Somerset Trust Co raised its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% in the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after purchasing an additional 165 shares during the last quarter. Longview Financial Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% during the 2nd quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock worth $592,000 after buying an additional 251 shares in the last quarter. Finally, Yoder Wealth Management Inc. boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 11.0% in the first quarter. Yoder Wealth Management Inc. now owns 2,878 shares of the company’s stock worth $315,000 after purchasing an additional 286 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

NYSEARCA:RSPG traded down $1.86 during mid-day trading on Tuesday, hitting $102.80. The stock had a trading volume of 53,376 shares, compared to its average volume of 140,190. The stock has a market cap of $541.76 million, a price-to-earnings ratio of 13.87 and a beta of 0.47. Invesco S&P 500 Equal Weight Energy ETF has a twelve month low of $73.30 and a twelve month high of $114.01. The company’s 50 day simple moving average is $102.65 and its 200 day simple moving average is $100.12.

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.