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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPEGet Free Report) was the recipient of 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. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 13,966 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Invesco ESG S&P 500 Equal Weight ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new position in Invesco ESG S&P 500 Equal Weight ETF during the 4th quarter worth approximately $36,000. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF during the third quarter valued at approximately $222,000. Sepio Capital LP bought a new position in shares of Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter worth approximately $258,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter worth $305,000. Finally, Osaic Holdings Inc. raised its holdings in Invesco ESG S&P 500 Equal Weight ETF by 12.5% during the 4th quarter. Osaic Holdings Inc. now owns 10,807 shares of the company’s stock valued at $322,000 after buying an additional 1,205 shares during the last quarter.

Invesco ESG S&P 500 Equal Weight ETF Stock Performance

Shares of RSPE stock traded up $0.14 on Monday, hitting $28.96. 1,611 shares of the company’s stock traded hands, compared to its average volume of 17,291. The stock has a market capitalization of $36.20 million, a price-to-earnings ratio of 19.91 and a beta of 0.99. The company’s fifty day simple moving average is $30.73 and its 200 day simple moving average is $29.82. Invesco ESG S&P 500 Equal Weight ETF has a one year low of $22.59 and a one year high of $31.74.

Invesco ESG S&P 500 Equal Weight ETF Company Profile

(Get Free Report)

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.

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