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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 156,822 shares, a growth of 27.3% from the March 15th total of 123,215 shares. Based on an average trading volume of 181,559 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Energy ETF Stock Down 2.8%

NYSEARCA RSPG traded down $2.89 during trading hours on Friday, hitting $98.97. 142,496 shares of the company were exchanged, compared to its average volume of 173,575. The stock has a 50-day moving average price of $102.11 and a 200 day moving average price of $88.40. Invesco S&P 500 Equal Weight Energy ETF has a 52 week low of $68.21 and a 52 week high of $114.01. The stock has a market cap of $590.85 million, a PE ratio of 13.87 and a beta of 0.55.

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

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth approximately $45,000. Brown Brothers Harriman & Co. bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth approximately $55,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth approximately $55,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth approximately $130,000. Finally, Reicon Wealth Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth approximately $176,000.

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.