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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 20,667 shares, a decline of 22.9% from the January 29th total of 26,821 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 39,715 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 39,715 shares, the short-interest ratio is currently 0.5 days. Approximately 1.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc. raised its stake in Invesco ESG S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 59,013 shares of the company’s stock worth $1,818,000 after buying an additional 868 shares in the last quarter. Invesco Ltd. raised its position 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 purchasing an additional 3,077 shares during the period. Tower Research Capital LLC TRC increased its stake in Invesco ESG S&P 500 Equal Weight ETF by 84.2% during the third quarter. Tower Research Capital LLC TRC now owns 29,463 shares of the company’s stock worth $851,000 after acquiring an additional 13,466 shares during the last quarter. Bank of America Corp DE raised its position in Invesco ESG S&P 500 Equal Weight ETF by 2.8% during the second quarter. Bank of America Corp DE now owns 24,788 shares of the company’s stock valued at $683,000 after purchasing an additional 667 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Invesco ESG S&P 500 Equal Weight ETF during the third quarter valued at approximately $497,000.

Invesco ESG S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSPE opened at $31.32 on Monday. The stock has a market cap of $39.15 million, a P/E ratio of 19.91 and a beta of 0.99. Invesco ESG S&P 500 Equal Weight ETF has a fifty-two week low of $22.59 and a fifty-two week high of $31.74. The stock has a 50 day simple moving average of $30.85 and a two-hundred day simple moving average of $29.60.

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.