Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE) Stock Price Down 2.7% – Here’s Why

Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYEGet Free Report) traded down 2.7% during trading on Monday . The company traded as low as $81.44 and last traded at $81.51. 50,471 shares were traded during trading, a decline of 40% from the average session volume of 84,640 shares. The stock had previously closed at $83.74.

Invesco S&P 500 Equal Weight Energy ETF Trading Down 2.7 %

The stock has a market cap of $600.73 million, a P/E ratio of 12.22 and a beta of 0.60. The firm’s fifty day moving average is $79.39 and its 200 day moving average is $78.76.

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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