diff --git a/CHANGELOG.md b/CHANGELOG.md
index 54b23a339..d52360588 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 Release Notes
 ====
 
+# 05-21-2024
+<a href="https://www.nuget.org/packages/dotnext.threading/5.4.0">DotNext.Metaprogramming 5.4.0</a>
+* Smallish performance improvements of `IndexPool` instance methods
+* Added ability to instantiate empty `IndexPool`
+
 # 05-15-2024
 <a href="https://www.nuget.org/packages/dotnext.metaprogramming/5.3.1">DotNext.Metaprogramming 5.3.1</a>
 * Fixed [234](https://github.com/dotnet/dotNext/issues/234)
diff --git a/README.md b/README.md
index cf84afddd..e20e8240f 100644
--- a/README.md
+++ b/README.md
@@ -44,11 +44,11 @@ All these things are implemented in 100% managed code on top of existing .NET AP
 * [NuGet Packages](https://www.nuget.org/profiles/rvsakno)
 
 # What's new
-Release Date: 05-15-2024
+Release Date: 05-21-2024
 
-<a href="https://www.nuget.org/packages/dotnext.metaprogramming/5.3.1">DotNext.Metaprogramming 5.3.1</a>
-* Fixed [234](https://github.com/dotnet/dotNext/issues/234)
-* Updated dependencies
+<a href="https://www.nuget.org/packages/dotnext.threading/5.4.0">DotNext.Metaprogramming 5.4.0</a>
+* Smallish performance improvements of `IndexPool` instance methods
+* Added ability to instantiate empty `IndexPool`
 
 Changelog for previous versions located [here](./CHANGELOG.md).
 
diff --git a/src/DotNext.Tests/Collections/Concurrent/IndexPoolTests.cs b/src/DotNext.Tests/Collections/Concurrent/IndexPoolTests.cs
index ddad312dc..d7eb27429 100644
--- a/src/DotNext.Tests/Collections/Concurrent/IndexPoolTests.cs
+++ b/src/DotNext.Tests/Collections/Concurrent/IndexPoolTests.cs
@@ -12,6 +12,20 @@ public static void EmptyPool()
         Empty(pool);
     }
 
+    [Fact]
+    public static void EmptyPool2()
+    {
+        var pool = new IndexPool() { IsEmpty = true };
+        False(pool.TryPeek(out _));
+        False(pool.TryTake(out _));
+        DoesNotContain(10, pool);
+        Empty(pool);
+
+        pool.Reset();
+        NotEmpty(pool);
+        Contains(10, pool);
+    }
+
     [Fact]
     public static void TakeAll()
     {
diff --git a/src/DotNext.Threading/Collections/Concurrent/IndexPool.cs b/src/DotNext.Threading/Collections/Concurrent/IndexPool.cs
index ae36d1d07..9e9471e56 100644
--- a/src/DotNext.Threading/Collections/Concurrent/IndexPool.cs
+++ b/src/DotNext.Threading/Collections/Concurrent/IndexPool.cs
@@ -15,7 +15,7 @@ namespace DotNext.Collections.Concurrent;
 /// </remarks>
 [EditorBrowsable(EditorBrowsableState.Advanced)]
 [StructLayout(LayoutKind.Auto)]
-public struct IndexPool : ISupplier<int>, IConsumer<int>, IReadOnlyCollection<int>
+public struct IndexPool : ISupplier<int>, IConsumer<int>, IReadOnlyCollection<int>, IResettable
 {
     private readonly int maxValue;
     private ulong bitmask;
@@ -39,13 +39,22 @@ public IndexPool()
     /// </exception>
     public IndexPool(int maxValue)
     {
-        if (maxValue < 0 || maxValue > MaxValue)
+        if ((uint)maxValue > (uint)MaxValue)
             throw new ArgumentOutOfRangeException(nameof(maxValue));
 
         bitmask = ulong.MaxValue;
         this.maxValue = maxValue;
     }
 
+    /// <summary>
+    /// Gets or sets a value indicating that the pool is empty.
+    /// </summary>
+    public bool IsEmpty
+    {
+        readonly get => Count is 0;
+        init => bitmask = value ? 0UL : ulong.MaxValue;
+    }
+
     /// <summary>
     /// Gets the maximum number that can be returned by the pool.
     /// </summary>
@@ -109,28 +118,28 @@ public int Take()
     }
 
     /// <summary>
-    /// Takes all available indicies, atomically.
+    /// Takes all available indices, atomically.
     /// </summary>
-    /// <param name="indicies">
-    /// The buffer to be modified with the indicies taken from the pool.
+    /// <param name="indices">
+    /// The buffer to be modified with the indices taken from the pool.
     /// The size of the buffer should not be less than <see cref="Capacity"/>.
     /// </param>
-    /// <returns>The number of indicies written to the buffer.</returns>
-    /// <exception cref="ArgumentOutOfRangeException"><paramref name="indicies"/> is too small to place indicies.</exception>
+    /// <returns>The number of indices written to the buffer.</returns>
+    /// <exception cref="ArgumentOutOfRangeException"><paramref name="indices"/> is too small to place indices.</exception>
     /// <seealso cref="Return(ReadOnlySpan{int})"/>
-    public int Take(Span<int> indicies)
+    public int Take(Span<int> indices)
     {
-        if (indicies.Length < Capacity)
-            throw new ArgumentOutOfRangeException(nameof(indicies));
+        if (indices.Length < Capacity)
+            throw new ArgumentOutOfRangeException(nameof(indices));
 
         var oldValue = Interlocked.Exchange(ref bitmask, 0UL);
         var bufferOffset = 0;
 
-        for (int bitPosition = 0; bitPosition < Capacity; bitPosition++)
+        for (var bitPosition = 0; bitPosition < Capacity; bitPosition++)
         {
             if (Contains(oldValue, bitPosition))
             {
-                indicies[bufferOffset++] = bitPosition;
+                indices[bufferOffset++] = bitPosition;
             }
         }
 
@@ -148,7 +157,7 @@ public int Take(Span<int> indicies)
     /// value specified for this pool.</exception>
     public void Return(int value)
     {
-        if (value < 0 || value > maxValue)
+        if ((uint)value > (uint)maxValue)
             ThrowArgumentOutOfRangeException();
 
         Interlocked.Or(ref bitmask, 1UL << value);
@@ -160,14 +169,14 @@ static void ThrowArgumentOutOfRangeException()
     }
 
     /// <summary>
-    /// Returns multiple indicies, atomically.
+    /// Returns multiple indices, atomically.
     /// </summary>
-    /// <param name="indicies">The buffer of indicies to return back to the pool.</param>
-    public void Return(ReadOnlySpan<int> indicies)
+    /// <param name="indices">The buffer of indices to return back to the pool.</param>
+    public void Return(ReadOnlySpan<int> indices)
     {
         var newValue = 0UL;
 
-        foreach (var index in indicies)
+        foreach (var index in indices)
         {
             newValue |= 1UL << index;
         }
@@ -175,6 +184,11 @@ public void Return(ReadOnlySpan<int> indicies)
         Interlocked.Or(ref bitmask, newValue);
     }
 
+    /// <summary>
+    /// Returns all values to the pool.
+    /// </summary>
+    public void Reset() => Volatile.Write(ref bitmask, ulong.MaxValue);
+
     /// <inheritdoc/>
     void IConsumer<int>.Invoke(int value) => Return(value);
 
@@ -184,20 +198,20 @@ public void Return(ReadOnlySpan<int> indicies)
     /// <param name="value">The value to check.</param>
     /// <returns><see langword="true"/> if <paramref name="value"/> is available for rent; otherwise, <see langword="false"/>.</returns>
     public readonly bool Contains(int value)
-        => value >= 0 && value <= maxValue && Contains(Volatile.Read(in bitmask), value);
+        => (uint)value <= (uint)maxValue && Contains(Volatile.Read(in bitmask), value);
 
     private static bool Contains(ulong bitmask, int index)
         => (bitmask & (1UL << index)) is not 0UL;
 
     /// <summary>
-    /// Gets the number of available indicies.
+    /// Gets the number of available indices.
     /// </summary>
     public readonly int Count => Math.Min(BitOperations.PopCount(bitmask), maxValue + 1);
 
     /// <summary>
-    /// Gets an enumerator over available indicies in the pool.
+    /// Gets an enumerator over available indices in the pool.
     /// </summary>
-    /// <returns>The enumerator over available indicies in this pool.</returns>
+    /// <returns>The enumerator over available indices in this pool.</returns>
     public readonly Enumerator GetEnumerator() => new(Volatile.Read(in bitmask), maxValue);
 
     /// <inheritdoc/>
@@ -207,7 +221,7 @@ private static bool Contains(ulong bitmask, int index)
     readonly IEnumerator IEnumerable.GetEnumerator() => GetEnumerator().AsClassicEnumerator();
 
     /// <summary>
-    /// Represents an enumerator over available indicies in the pool.
+    /// Represents an enumerator over available indices in the pool.
     /// </summary>
     [StructLayout(LayoutKind.Auto)]
     public struct Enumerator
diff --git a/src/DotNext.Threading/DotNext.Threading.csproj b/src/DotNext.Threading/DotNext.Threading.csproj
index b13b94472..03dad4d50 100644
--- a/src/DotNext.Threading/DotNext.Threading.csproj
+++ b/src/DotNext.Threading/DotNext.Threading.csproj
@@ -7,7 +7,7 @@
     <ImplicitUsings>true</ImplicitUsings>
     <IsTrimmable>true</IsTrimmable>
     <Features>nullablePublicOnly</Features>
-    <VersionPrefix>5.3.1</VersionPrefix>
+    <VersionPrefix>5.4.0</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Authors>.NET Foundation and Contributors</Authors>
     <Product>.NEXT Family of Libraries</Product>