Short Interest in Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Drops By 47.5%

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a significant 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 daily trading volume, of 57,524 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 57,524 shares, the short-interest ratio is presently 0.3 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of RSPG. Farther Finance Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 290.4% during the third quarter. Farther Finance Advisors LLC now owns 79,507 shares of the company’s stock valued at $6,330,000 after buying an additional 59,139 shares during the last quarter. Salomon & Ludwin LLC bought a new position in Invesco S&P 500 Equal Weight Energy ETF in the 2nd quarter valued at approximately $57,000. Arkadios Wealth Advisors purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 2nd quarter valued at $544,000. Kestra Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 11.4% in the 1st quarter. Kestra Advisory Services LLC now owns 18,138 shares of the company’s stock worth $1,485,000 after purchasing an additional 1,863 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight Energy ETF by 19.0% in the second quarter. Envestnet Asset Management Inc. now owns 15,475 shares of the company’s stock worth $1,153,000 after purchasing an additional 2,471 shares during the last quarter.

Invesco S&P 500 Equal Weight Energy ETF Stock Performance

RSPG stock traded up $0.75 on Monday, reaching $79.46. The company’s stock had a trading volume of 22,351 shares, compared to its average volume of 68,147. The firm has a market cap of $416.37 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 two-hundred day simple moving average of $77.91. Invesco S&P 500 Equal Weight Energy ETF has a 12-month low of $63.76 and a 12-month high of $85.54.

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.