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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 27,332 shares, a growth of 128.9% from the October 15th total of 11,942 shares. Based on an average trading volume of 76,183 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 5.8% during the 3rd quarter. Fifth Third Bancorp now owns 2,298 shares of the company’s stock valued at $247,000 after acquiring an additional 126 shares during the period. Walker Asset Management LLC grew its position in Invesco S&P 500 Equal Weight Energy ETF by 2.0% in 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 during the last quarter. Lido Advisors LLC increased 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 worth $328,000 after purchasing an additional 139 shares during the period. Somerset Trust Co increased its stake in 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 worth $1,370,000 after purchasing an additional 165 shares during the period. Finally, Longview Financial Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight Energy ETF by 4.3% in the second quarter. Longview Financial Advisors Inc. now owns 6,039 shares of the company’s stock worth $592,000 after purchasing an additional 251 shares during the period.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

Shares of NYSEARCA:RSPG opened at $112.52 on Friday. Invesco S&P 500 Equal Weight Energy ETF has a fifty-two week low of $78.05 and a fifty-two week high of $121.27. The business has a 50-day simple moving average of $113.96 and a two-hundred day simple moving average of $106.13. The firm has a market cap of $616.61 million, a price-to-earnings ratio of 12.66 and a beta of 0.52.

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.