Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Short Interest Down 37.2% in January

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 38,440 shares, a drop of 37.2% from the January 15th total of 61,255 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 130,331 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 130,331 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are short sold.

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 the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $130,000. Sykon Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter valued at approximately $1,332,000. Brown Brothers Harriman & Co. purchased a new position in Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Energy ETF by 13.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,695 shares of the company’s stock valued at $214,000 after purchasing an additional 318 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the 4th quarter worth approximately $55,000.

Invesco S&P 500 Equal Weight Energy ETF Price Performance

Invesco S&P 500 Equal Weight Energy ETF stock traded up $1.57 during mid-day trading on Friday, reaching $96.08. The stock had a trading volume of 78,527 shares, compared to its average volume of 142,701. The company has a 50-day moving average price of $84.32 and a two-hundred day moving average price of $80.23. Invesco S&P 500 Equal Weight Energy ETF has a one year low of $63.76 and a one year high of $96.59. The company has a market capitalization of $576.49 million, a price-to-earnings ratio of 13.87 and a beta of 0.87.

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.