Short Interest in Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Decreases By 70.0%

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 13,050 shares, a drop of 70.0% from the May 14th total of 43,481 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 7,520 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Invesco ESG S&P 500 Equal Weight ETF

Several hedge funds have recently modified their holdings of RSPE. Royal Bank of Canada purchased a new position in Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter valued at $36,000. Envestnet Asset Management Inc. purchased a new position in Invesco ESG S&P 500 Equal Weight ETF in the third quarter valued at $222,000. Sepio Capital LP purchased a new position in Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter valued at $258,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter valued at $305,000. Finally, Osaic Holdings Inc. increased its holdings in Invesco ESG S&P 500 Equal Weight ETF by 12.5% in the fourth 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 Price Performance

Shares of NYSEARCA RSPE traded up $0.34 during mid-day trading on Friday, hitting $33.64. The company had a trading volume of 3,080 shares, compared to its average volume of 14,503. The company has a market capitalization of $58.87 million, a PE ratio of 19.91 and a beta of 0.96. Invesco ESG S&P 500 Equal Weight ETF has a 1-year low of $26.63 and a 1-year high of $33.66. The business’s 50-day simple moving average is $31.84 and its 200 day simple moving average is $30.87.

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.