Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Stock Price Down 2.5% – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report)’s stock price fell 2.5% during trading on Monday . The company traded as low as $79.00 and last traded at $79.06. 57,388 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 84,640 shares. The stock had previously closed at $81.12.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 2.5 %

The stock has a 50 day simple moving average of $79.48 and a 200-day simple moving average of $78.64. The firm has a market cap of $582.68 million, a P/E ratio of 12.22 and a beta of 0.60.

About Invesco S&P 500 Equal Weight Energy ETF

(Get Free Report)

The Invesco S&P 500 Equal Weight Energy ETF (RYE) 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. RYE was launched on Nov 1, 2006 and is managed by Invesco.

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