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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the target of a large decline in short interest during 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 trading volume of 13,966 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco ESG S&P 500 Equal Weight ETF

A number of hedge funds have recently bought and sold shares of the business. Birch Hill Investment Advisors LLC lifted its position in Invesco ESG S&P 500 Equal Weight ETF by 3.3% during the third quarter. Birch Hill Investment Advisors LLC now owns 11,549 shares of the company’s stock valued at $334,000 after purchasing an additional 365 shares during the last quarter. MJP Associates Inc. ADV increased 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 worth $408,000 after buying an additional 498 shares during the last quarter. Advisor OS LLC raised its position in shares of Invesco ESG S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. Advisor OS LLC now owns 13,680 shares of the company’s stock valued at $408,000 after buying an additional 498 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco ESG S&P 500 Equal Weight ETF by 2.8% in the 2nd quarter. Bank of America Corp DE now owns 24,788 shares of the company’s stock valued at $683,000 after acquiring an additional 667 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc. lifted its holdings in shares of Invesco ESG S&P 500 Equal Weight ETF by 1.5% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 59,013 shares of the company’s stock valued at $1,818,000 after acquiring an additional 868 shares during the last quarter.

Invesco ESG S&P 500 Equal Weight ETF Price Performance

Shares of RSPE opened at $28.82 on Friday. The stock has a market capitalization of $36.03 million, a price-to-earnings ratio of 19.91 and a beta of 0.99. Invesco ESG S&P 500 Equal Weight ETF has a 1 year low of $22.59 and a 1 year high of $31.74. The business’s 50 day simple moving average is $30.73 and its 200-day simple moving average is $29.81.

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.