Short Interest in Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Decreases By 64.6%

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPEGet Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 11,652 shares, a drop of 64.6% from the August 15th total of 32,885 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 9,178 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF in the second quarter worth $1,096,000. Eastern Bank lifted its holdings in Invesco ESG S&P 500 Equal Weight ETF by 47.4% in the second quarter. Eastern Bank now owns 566,258 shares of the company’s stock valued at $19,202,000 after acquiring an additional 182,160 shares during the period. Community Financial Services Group LLC boosted its position in Invesco ESG S&P 500 Equal Weight ETF by 101.7% in the second quarter. Community Financial Services Group LLC now owns 12,379 shares of the company’s stock worth $421,000 after purchasing an additional 6,241 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 7.0% during the 1st quarter. Bank of America Corp DE now owns 26,505 shares of the company’s stock valued at $780,000 after purchasing an additional 1,732 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. MJP Associates Inc. ADV now owns 13,680 shares of the company’s stock valued at $408,000 after purchasing an additional 498 shares during the period.

Invesco ESG S&P 500 Equal Weight ETF Price Performance

RSPE stock opened at $34.36 on Tuesday. The stock has a market capitalization of $68.72 million, a P/E ratio of 19.91 and a beta of 0.95. Invesco ESG S&P 500 Equal Weight ETF has a 1-year low of $28.02 and a 1-year high of $35.35. The business has a fifty day moving average price of $34.53 and a 200-day moving average price of $32.70.

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.

Further Reading

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