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

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 20,495 shares, a drop of 41.0% from the August 15th total of 34,759 shares. Based on an average trading volume of 90,546 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

NYSEARCA:RSPG traded down $3.76 during mid-day trading on Wednesday, reaching $113.35. 88,290 shares of the company’s stock traded hands, compared to its average volume of 130,482. The company has a 50 day moving average price of $109.28 and a 200-day moving average price of $105.55. Invesco S&P 500 Equal Weight Energy ETF has a 12-month low of $74.43 and a 12-month high of $118.15. The firm has a market capitalization of $571.28 million, a price-to-earnings ratio of 13.87 and a beta of 0.49.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at about $55,000. Centaurus Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF in the 1st quarter worth approximately $135,000. Vivaldi Capital Management LP bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter worth approximately $229,000. Independent Financial Group LLC bought a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter worth approximately $243,000. Finally, First Heartland Consultants Inc. lifted its holdings in Invesco S&P 500 Equal Weight Energy ETF by 29.2% during the second quarter. First Heartland Consultants Inc. now owns 2,501 shares of the company’s stock valued at $245,000 after purchasing an additional 565 shares in the last quarter.

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.