Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RSPG – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 44,482 shares, a growth of 53.4% from the July 15th total of 28,989 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 70,030 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Invesco S&P 500 Equal Weight Energy ETF
A number of hedge funds have recently made changes to their positions in the business. Wakefield Asset Management LLLP purchased a new stake in Invesco S&P 500 Equal Weight Energy ETF during the fourth quarter worth about $417,000. Northwest Wealth Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight Energy ETF in the fourth quarter valued at about $636,000. Ocean Park Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight Energy ETF in the first quarter valued at about $4,501,000. Royal Bank of Canada boosted 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 valued at $4,517,000 after acquiring an additional 9,173 shares during the last quarter. Finally, Ferguson Shapiro LLC bought a new position in shares of Invesco S&P 500 Equal Weight Energy ETF during the 1st quarter valued at approximately $671,000.
Invesco S&P 500 Equal Weight Energy ETF Stock Performance
RSPG stock opened at $112.27 on Tuesday. The stock’s fifty day simple moving average is $102.87 and its two-hundred day simple moving average is $102.49. Invesco S&P 500 Equal Weight Energy ETF has a 1-year low of $73.62 and a 1-year high of $114.01. The stock has a market cap of $596.15 million, a P/E ratio of 13.87 and a beta of 0.48.
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.
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