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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 16,559 shares, a decline of 47.5% from the November 30th total of 31,566 shares. Based on an average trading volume of 57,524 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 57,524 shares, the days-to-cover ratio is presently 0.3 days.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

Shares of Invesco S&P 500 Equal Weight Energy ETF stock traded down $0.41 during trading hours on Friday, reaching $78.71. The company had a trading volume of 55,017 shares, compared to its average volume of 68,332. The firm has a market cap of $412.44 million, a PE ratio of 13.87 and a beta of 0.87. The business has a fifty day simple moving average of $80.01 and a 200 day simple moving average of $77.88. Invesco S&P 500 Equal Weight Energy ETF has a one year low of $63.76 and a one year high of $85.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF in the 3rd quarter worth approximately $205,000. CIBC Bancorp USA Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the third quarter valued at approximately $239,000. Susquehanna International Group LLP bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth approximately $355,000. Tower Research Capital LLC TRC boosted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 59.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,251 shares of the company’s stock worth $498,000 after acquiring an additional 2,341 shares during the last quarter. Finally, Longview Financial Advisors Inc. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 16.0% during the 3rd quarter. Longview Financial Advisors Inc. now owns 7,261 shares of the company’s stock valued at $578,000 after acquiring an additional 1,004 shares during the period.

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.