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

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

Hedge Funds Weigh In On Invesco ESG S&P 500 Equal Weight ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Invesco ESG S&P 500 Equal Weight ETF by 7.0% during the first 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. Invesco Ltd. increased its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 7.6% in the fourth quarter. Invesco Ltd. now owns 43,484 shares of the company’s stock worth $1,295,000 after purchasing an additional 3,077 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 worth $322,000 after purchasing an additional 1,205 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter worth about $36,000. Finally, Betterment LLC purchased a new position in shares of Invesco ESG S&P 500 Equal Weight ETF in the fourth quarter worth about $462,000.

Invesco ESG S&P 500 Equal Weight ETF Stock Up 1.0%

RSPE traded up $0.34 during trading on Friday, hitting $33.64. 3,080 shares of the company traded hands, compared to its average volume of 14,503. The firm has a market cap of $58.87 million, a P/E ratio of 19.91 and a beta of 0.96. The stock’s fifty day moving average is $31.84 and its 200 day moving average is $30.87. Invesco ESG S&P 500 Equal Weight ETF has a one year low of $26.63 and a one year high of $33.66.

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.