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 target 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. Based on an average daily trading volume, of 79,702 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco S&P 500 Equal Weight Energy ETF Trading Up 1.7%

Shares of NYSEARCA:RSPG traded up $2.00 during midday trading on Friday, hitting $120.95. 74,974 shares of the stock were exchanged, compared to its average volume of 122,574. The stock has a market cap of $680.95 million, a P/E ratio of 13.87 and a beta of 0.56. Invesco S&P 500 Equal Weight Energy ETF has a twelve month low of $76.61 and a twelve month high of $121.27. The company has a 50 day moving average price of $114.73 and a 200-day moving average price of $104.89.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight Energy ETF

Several hedge funds have recently added to or reduced their stakes in the business. Courage Miller Partners LLC acquired a new position in Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth about $2,132,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $612,000. Howard Financial Services LTD. grew its position in shares of Invesco S&P 500 Equal Weight Energy ETF by 12.8% in the third quarter. Howard Financial Services LTD. now owns 5,379 shares of the company’s stock valued at $578,000 after purchasing an additional 612 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the third quarter valued at approximately $6,026,000. Finally, First Heartland Consultants Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 3rd quarter worth approximately $298,000.

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.