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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 26,821 shares, an increase of 506.9% from the January 15th total of 4,419 shares. Based on an average daily volume of 7,174 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.1% of the shares of the stock are sold short. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 7,174 shares, the days-to-cover ratio is presently 3.7 days.

Invesco ESG S&P 500 Equal Weight ETF Stock Up 0.2%

Invesco ESG S&P 500 Equal Weight ETF stock traded up $0.07 during mid-day trading on Tuesday, reaching $31.50. 9,190 shares of the company’s stock traded hands, compared to its average volume of 18,500. Invesco ESG S&P 500 Equal Weight ETF has a 12-month low of $22.59 and a 12-month high of $31.64. The stock has a 50 day moving average of $30.40 and a two-hundred day moving average of $29.26. The company has a market cap of $39.38 million, a price-to-earnings ratio of 19.91 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL raised its position in Invesco ESG S&P 500 Equal Weight ETF by 17.0% during the second quarter. Blair William & Co. IL now owns 2,826 shares of the company’s stock valued at $78,000 after purchasing an additional 410 shares during the period. Mountain Capital Investment Advisors Inc. increased its position in shares of Invesco ESG S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Mountain Capital Investment Advisors Inc. now owns 57,785 shares of the company’s stock valued at $1,610,000 after purchasing an additional 675 shares during the last quarter. Birch Hill Investment Advisors LLC raised its holdings in Invesco ESG S&P 500 Equal Weight ETF by 24.8% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 11,184 shares of the company’s stock valued at $308,000 after buying an additional 2,225 shares during the period. MJP Associates Inc. ADV raised its holdings in Invesco ESG S&P 500 Equal Weight ETF by 7.8% during the 2nd quarter. MJP Associates Inc. ADV now owns 13,127 shares of the company’s stock valued at $362,000 after buying an additional 950 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in Invesco ESG S&P 500 Equal Weight ETF in the second quarter worth $220,000.

About Invesco ESG S&P 500 Equal Weight ETF

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.