Invesco ESG S&P 500 Equal Weight ETF (NYSEARCA:RSPE – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 11,652 shares, a decline of 64.6% from the August 15th total of 32,885 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 9,178 shares, the short-interest ratio is presently 1.3 days.
Invesco ESG S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA RSPE traded up $0.33 during midday trading on Friday, hitting $34.32. 7,081 shares of the company traded hands, compared to its average volume of 12,480. Invesco ESG S&P 500 Equal Weight ETF has a 12-month low of $28.02 and a 12-month high of $35.35. The firm has a market cap of $68.64 million, a P/E ratio of 19.91 and a beta of 0.95. The stock has a 50-day moving average price of $34.53 and a 200 day moving average price of $32.67.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Invesco ESG S&P 500 Equal Weight ETF by 4.3% in the 2nd quarter. Invesco Ltd. now owns 41,102 shares of the company’s stock worth $1,132,000 after acquiring an additional 1,702 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco ESG S&P 500 Equal Weight ETF by 2.8% during the second quarter. Bank of America Corp DE now owns 24,788 shares of the company’s stock valued at $683,000 after purchasing an additional 667 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in 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 period. Envestnet Asset Management Inc. purchased a new stake in Invesco ESG S&P 500 Equal Weight ETF in the third quarter worth $222,000. Finally, MJP Associates Inc. ADV raised its holdings in Invesco ESG S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. MJP Associates Inc. ADV now owns 13,680 shares of the company’s stock worth $408,000 after purchasing an additional 498 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.
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