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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 23,872 shares, a decline of 21.2% from the February 26th total of 30,309 shares. Based on an average daily trading volume, of 13,966 shares, the short-interest ratio is currently 1.7 days. Currently, 1.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada bought a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF during the fourth quarter worth $36,000. Envestnet Asset Management Inc. bought a new stake in Invesco ESG S&P 500 Equal Weight ETF in the 3rd quarter valued at $222,000. Sepio Capital LP bought a new stake in Invesco ESG S&P 500 Equal Weight ETF in the 4th quarter valued at $258,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in Invesco ESG S&P 500 Equal Weight ETF in the 4th quarter worth $305,000. Finally, Osaic Holdings Inc. boosted its stake in Invesco ESG S&P 500 Equal Weight ETF by 12.5% in the 4th quarter. Osaic Holdings Inc. now owns 10,807 shares of the company’s stock worth $322,000 after purchasing an additional 1,205 shares during the period.

Invesco ESG S&P 500 Equal Weight ETF Trading Up 2.3%

Shares of NYSEARCA:RSPE traded up $0.65 during trading on Tuesday, hitting $29.43. 2,376 shares of the company’s stock traded hands, compared to its average volume of 17,088. The company has a 50-day moving average price of $30.69 and a 200-day moving average price of $29.82. Invesco ESG S&P 500 Equal Weight ETF has a 52 week low of $22.59 and a 52 week high of $31.74. The company has a market cap of $36.79 million, a price-to-earnings ratio of 19.91 and a beta of 0.99.

Invesco ESG S&P 500 Equal Weight ETF Company Profile

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.