What’s Next for Guggenheim Standard and Poors 500 Equal Weight (NYSEARCA:RSP) After Having Less Shares Shorted?

June 19, 2017 - By Adrian Mccoy

 What's Next for Guggenheim Standard and Poors 500 Equal Weight (NYSEARCA:RSP) After Having Less Shares Shorted?

The stock of Guggenheim Standard and Poors 500 Equal Weight (NYSEARCA:RSP) registered a decrease of 6.53% in short interest. RSP’s total short interest was 840,500 shares in June as published by FINRA. Its down 6.53% from 899,200 shares, reported previously. With 561,000 shares average volume, it will take short sellers 2 days to cover their RSP’s short positions.

About 14,852 shares traded or Infinity% up from the average. Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) has risen 16.63% since June 19, 2016 and is uptrending. It has underperformed by 0.07% the S&P500.

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index . The ETF has market cap of $13.56 billion. The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). It currently has negative earnings. The Index utilizes quarterly rebalancing to maintain its equal-weight stance.

More notable recent Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) news were published by: Seekingalpha.com which released: “How To Beat The S&P 500 Index In One Move” on December 11, 2016, also Seekingalpha.com with their article: “Generate Alpha Through An Equal Weight Portfolio” published on May 24, 2017, Globenewswire.com published: “Guggenheim Announces that Upcoming Changes to the S&P 500® Equal Weight …” on July 22, 2016. More interesting news about Guggenheim S&P 500 Equal Weight ETF (NYSEARCA:RSP) were released by: Seekingalpha.com and their article: “Guggenheim S&P 500 Equal Weight: Is It A Good Alternative?” published on January 20, 2017 as well as Etfdailynews.com‘s news article titled: “Is The S&P 500 Equal Weight ETF (RSP) Bullish Or Bearish?” with publication date: June 17, 2017.

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