Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Short Interest Down 41.0% in August

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

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

Hedge funds have recently made changes to their positions in the stock. Walker Asset Management LLC increased its position in Invesco S&P 500 Equal Weight Energy ETF by 2.0% in the second 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 lifted its stake in Invesco S&P 500 Equal Weight Energy ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 2,992 shares of the company’s stock valued at $328,000 after buying an additional 139 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 1.2% during the second quarter. Somerset Trust Co now owns 13,982 shares of the company’s stock valued at $1,370,000 after acquiring an additional 165 shares during the period. Longview Financial Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 4.3% during the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock valued at $592,000 after acquiring an additional 251 shares during the period. Finally, Yoder Wealth Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.0% during the first quarter. Yoder Wealth Management Inc. now owns 2,878 shares of the company’s stock worth $315,000 after acquiring an additional 286 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 0.7%

NYSEARCA RSPG traded up $0.83 during trading hours on Thursday, reaching $114.18. The company’s stock had a trading volume of 25,884 shares, compared to its average volume of 129,894. The business has a 50-day simple moving average of $109.51 and a 200 day simple moving average of $105.65. Invesco S&P 500 Equal Weight Energy ETF has a 52 week low of $74.43 and a 52 week high of $118.15. The stock has a market cap of $575.47 million, a PE ratio of 13.87 and a beta of 0.49.

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.