Short Interest in Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Rises By 177.2%

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 32,155 shares, a growth of 177.2% from the July 15th total of 11,602 shares. Based on an average daily trading volume, of 8,949 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Eastern Bank grew its holdings 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 worth $19,202,000 after acquiring an additional 182,160 shares during the last quarter. Sepio Capital LP purchased a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF during the fourth quarter worth about $258,000. Tower Research Capital LLC TRC grew its stake in shares of Invesco ESG S&P 500 Equal Weight ETF by 172.0% in the second quarter. Tower Research Capital LLC TRC now owns 15,997 shares of the company’s stock worth $441,000 after purchasing an additional 10,116 shares during the last quarter. Mountain Capital Investment Advisors Inc. increased its holdings in Invesco ESG S&P 500 Equal Weight ETF by 1.5% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 59,013 shares of the company’s stock valued at $1,818,000 after purchasing an additional 868 shares during the period. Finally, Invesco Ltd. increased its holdings in Invesco ESG S&P 500 Equal Weight ETF by 7.6% during the 4th quarter. Invesco Ltd. now owns 43,484 shares of the company’s stock valued at $1,295,000 after purchasing an additional 3,077 shares during the period.

Invesco ESG S&P 500 Equal Weight ETF Stock Down 0.0%

Shares of NYSEARCA RSPE traded down $0.01 during midday trading on Friday, reaching $35.24. The company had a trading volume of 10,998 shares, compared to its average volume of 12,965. Invesco ESG S&P 500 Equal Weight ETF has a one year low of $28.02 and a one year high of $35.29. The firm’s fifty day moving average price is $34.03 and its 200-day moving average price is $32.16. The stock has a market cap of $70.48 million, a PE ratio of 19.91 and a beta of 0.95.

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.