Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) Short Interest Down 40.9% in June

Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,424 shares, a decrease of 40.9% from the June 15th total of 14,257 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 13,717 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Eastern Bank lifted its holdings in shares of 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 buying an additional 182,160 shares during the period. Bank of America Corp DE increased its holdings in Invesco ESG S&P 500 Equal Weight ETF by 7.0% in 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 in the last quarter. Osaic Holdings Inc. increased its holdings in 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 valued at $322,000 after buying an additional 1,205 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of Invesco ESG S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $36,000. Finally, Sepio Capital LP purchased a new stake in Invesco ESG S&P 500 Equal Weight ETF during the fourth quarter worth $258,000.

Invesco ESG S&P 500 Equal Weight ETF Stock Up 0.7%

NYSEARCA:RSPE traded up $0.23 during trading hours on Thursday, reaching $34.16. 2,361 shares of the company’s stock were exchanged, compared to its average volume of 13,558. Invesco ESG S&P 500 Equal Weight ETF has a 1-year low of $27.25 and a 1-year high of $34.27. The firm has a market capitalization of $68.32 million, a price-to-earnings ratio of 19.91 and a beta of 0.95. The company has a 50-day moving average of $33.20 and a 200 day moving average of $31.57.

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.