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) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 11,942 shares, a drop of 47.9% from the September 30th total of 22,919 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 79,702 shares, the days-to-cover ratio is currently 0.1 days.

Invesco S&P 500 Equal Weight Energy ETF Stock Down 4.0%

RSPG stock traded down $4.88 during trading hours on Monday, hitting $116.07. The company’s stock had a trading volume of 89,577 shares, compared to its average volume of 122,416. The company has a market capitalization of $654.63 million, a PE ratio of 13.87 and a beta of 0.56. Invesco S&P 500 Equal Weight Energy ETF has a 12 month low of $76.61 and a 12 month high of $121.27. The stock has a 50 day moving average price of $114.78 and a two-hundred day moving average price of $105.06.

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

Several large investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC boosted its position in Invesco S&P 500 Equal Weight Energy ETF by 3.4% during the third quarter. Stonebridge Financial Group LLC now owns 73,216 shares of the company’s stock worth $7,868,000 after purchasing an additional 2,423 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $6,026,000. Royal Bank of Canada raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 28.6% in the first 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 during the period. Kestra Advisory Services LLC raised its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 2.5% in the first quarter. Kestra Advisory Services LLC now owns 26,673 shares of the company’s stock valued at $2,920,000 after purchasing an additional 640 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth $2,173,000.

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.