Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG) Short Interest Down 41.0% in August

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

Invesco S&P 500 Equal Weight Energy ETF Stock Down 0.1%

RSPG stock traded down $0.10 during trading on Friday, hitting $114.08. The company had a trading volume of 7,652 shares, compared to its average volume of 129,208. The firm has a 50-day moving average price of $109.79 and a 200-day moving average price of $105.76. The firm has a market cap of $574.98 million, a PE ratio of 13.87 and a beta of 0.49. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $74.43 and a 1-year high of $118.15.

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

A number of large investors have recently made changes to their positions in the stock. Northwest Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the 4th quarter worth about $636,000. Royal Bank of Canada lifted its holdings in shares of 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 valued at $4,517,000 after purchasing an additional 9,173 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the first quarter valued at approximately $4,501,000. Lee Johnson Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Energy ETF in the first quarter valued at approximately $6,823,000. Finally, Ferguson Shapiro LLC purchased a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter worth approximately $671,000.

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.