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

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

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

Institutional investors have recently bought and sold shares of the business. Walker Asset Management LLC grew its stake in 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 valued at $656,000 after acquiring an additional 130 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the second quarter worth approximately $369,000. First Heartland Consultants Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 29.2% during the second quarter. First Heartland Consultants Inc. now owns 2,501 shares of the company’s stock worth $245,000 after purchasing an additional 565 shares during the period. Howard Financial Services LTD. boosted its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 40.7% during the second quarter. Howard Financial Services LTD. now owns 4,767 shares of the company’s stock worth $467,000 after purchasing an additional 1,379 shares during the period. Finally, Stonebridge Financial Group LLC grew its position in Invesco S&P 500 Equal Weight Energy ETF by 6.0% during the second quarter. Stonebridge Financial Group LLC now owns 70,793 shares of the company’s stock valued at $6,935,000 after purchasing an additional 3,998 shares in the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Up 1.8%

Shares of Invesco S&P 500 Equal Weight Energy ETF stock traded up $1.90 during midday trading on Wednesday, hitting $104.88. The company’s stock had a trading volume of 103,200 shares, compared to its average volume of 140,097. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $73.30 and a 1-year high of $114.01. The firm has a market capitalization of $552.72 million, a P/E ratio of 13.87 and a beta of 0.47. The stock has a 50-day simple moving average of $102.50 and a 200-day simple moving average of $100.28.

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.