Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Update

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 29,982 shares, an increase of 86.8% from the January 15th total of 16,051 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 28,832 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 28,832 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQAL. Strategic Wealth Advisors LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $45,000. Lodestone Wealth Management LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth $81,000. Harbour Investments Inc. lifted its position in Invesco Russell 1000 Equal Weight ETF by 9.9% during the second quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock valued at $155,000 after buying an additional 285 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 15.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock valued at $198,000 after buying an additional 501 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $203,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 1.0%

NYSEARCA EQAL traded up $0.58 during trading on Friday, hitting $56.79. The company had a trading volume of 129,975 shares, compared to its average volume of 62,972. The company’s fifty day moving average is $54.27 and its 200-day moving average is $52.51. Invesco Russell 1000 Equal Weight ETF has a one year low of $40.85 and a one year high of $57.31. The company has a market cap of $741.11 million, a price-to-earnings ratio of 18.07 and a beta of 1.00.

Invesco Russell 1000 Equal Weight ETF Company Profile

The Invesco Russell 1000 Equal Weight ETF (EQAL) is an exchange-traded fund that is based on the Russell 1000 Equal Weight index. The fund tracks an index of the 1,000 largest US stocks. Each sector receives equal weight, and each stock within a sector receives equal weight. EQAL was launched on Dec 23, 2014 and is managed by Invesco.