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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSPE. Community Financial Services Group LLC grew its position in Invesco ESG S&P 500 Equal Weight ETF by 101.7% during the 2nd 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 period. MJP Associates Inc. ADV lifted its holdings in shares of Invesco ESG S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. MJP Associates Inc. ADV now owns 13,680 shares of the company’s stock valued at $408,000 after buying an additional 498 shares during the period. Bank of America Corp DE lifted its holdings in shares of Invesco ESG S&P 500 Equal Weight ETF by 7.0% in the 1st quarter. Bank of America Corp DE now owns 26,505 shares of the company’s stock valued at $780,000 after buying an additional 1,732 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF in the second quarter worth about $1,096,000. Finally, Eastern Bank boosted its stake in shares of 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 worth $19,202,000 after buying an additional 182,160 shares during the last quarter.

Invesco ESG S&P 500 Equal Weight ETF Trading Up 0.1%

Shares of RSPE stock traded up $0.04 during trading hours on Monday, hitting $34.36. The company’s stock had a trading volume of 3,317 shares, compared to its average volume of 12,428. The company has a 50 day moving average of $34.53 and a 200 day moving average of $32.68. The stock has a market cap of $68.72 million, a PE ratio of 19.91 and a beta of 0.95. Invesco ESG S&P 500 Equal Weight ETF has a 12-month low of $28.02 and a 12-month high of $35.35.

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.