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) saw a large growth in short interest in the month of 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. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 76,183 shares, the short-interest ratio is presently 0.4 days.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

Invesco S&P 500 Equal Weight Energy ETF stock opened at $112.52 on Friday. The company has a market capitalization of $616.61 million, a PE ratio of 12.66 and a beta of 0.52. The company has a 50 day moving average price of $113.96 and a 200-day moving average price of $106.13. 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.

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

Several institutional investors have recently made changes to their positions in the company. Stonebridge Financial Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 3.4% during the third quarter. Stonebridge Financial Group LLC now owns 73,216 shares of the company’s stock valued at $7,868,000 after purchasing an additional 2,423 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth approximately $6,026,000. Guild Investment Management Inc. bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the third quarter worth approximately $5,974,000. Royal Bank of Canada raised its stake in Invesco S&P 500 Equal Weight Energy ETF by 28.6% in the first quarter. Royal Bank of Canada now owns 41,264 shares of the company’s stock worth $4,517,000 after buying an additional 9,173 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the third quarter worth $2,938,000.

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.