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

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,239 shares, a drop of 58.3% from the September 15th total of 12,565 shares. Based on an average trading volume of 5,064 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are short sold.

Invesco ESG S&P 500 Equal Weight ETF Trading Up 0.0%

Invesco ESG S&P 500 Equal Weight ETF stock traded up $0.01 during trading on Tuesday, hitting $34.11. The company had a trading volume of 2,886 shares, compared to its average volume of 11,653. Invesco ESG S&P 500 Equal Weight ETF has a 1-year low of $28.02 and a 1-year high of $35.35. The company’s 50 day simple moving average is $34.45 and its 200-day simple moving average is $33.18. The stock has a market cap of $71.63 million, a price-to-earnings ratio of 19.91 and a beta of 0.95.

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

Several hedge funds have recently bought and sold shares of the company. Eastern Bank grew its position in Invesco ESG S&P 500 Equal Weight ETF by 47.4% in the 2nd quarter. Eastern Bank now owns 566,258 shares of the company’s stock valued at $19,202,000 after acquiring an additional 182,160 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF during the second quarter worth about $1,096,000. Bank of America Corp DE lifted its position in shares of 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 worth $780,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its position in shares of Invesco ESG S&P 500 Equal Weight ETF by 101.7% during the second 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 in the last quarter.

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.