Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Sees Large Drop in Short Interest

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 23,872 shares, a decline of 21.2% from the February 26th total of 30,309 shares. Based on an average trading volume of 13,966 shares, the short-interest ratio is presently 1.7 days. Approximately 1.9% of the shares of the stock are short sold.

Invesco ESG S&P 500 Equal Weight ETF Stock Down 1.5%

RSPE opened at $28.82 on Friday. The stock has a market cap of $36.03 million, a PE ratio of 19.91 and a beta of 0.99. The business’s fifty day simple moving average is $30.73 and its 200 day simple moving average is $29.81. Invesco ESG S&P 500 Equal Weight ETF has a 52 week low of $22.59 and a 52 week high of $31.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc. grew its position in Invesco ESG S&P 500 Equal Weight ETF by 1.5% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 59,013 shares of the company’s stock worth $1,818,000 after purchasing an additional 868 shares during the period. Invesco Ltd. lifted its holdings in shares of Invesco ESG S&P 500 Equal Weight ETF by 7.6% during the 4th quarter. Invesco Ltd. now owns 43,484 shares of the company’s stock valued at $1,295,000 after buying an additional 3,077 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 84.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 29,463 shares of the company’s stock worth $851,000 after buying an additional 13,466 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 2.8% in the 2nd quarter. Bank of America Corp DE now owns 24,788 shares of the company’s stock worth $683,000 after buying an additional 667 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF in the third quarter worth $497,000.

Invesco ESG S&P 500 Equal Weight ETF Company Profile

The Invesco ESG S&P 500 Equal Weight ETF (RSPE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of S&P 500 companies that exhibit environmental, social, and governance (ESG) characteristics. RSPE was launched on Nov 17, 2021 and is managed by Invesco.