Short Interest in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Grows By 105.5%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 56,567 shares, an increase of 105.5% from the April 15th total of 27,532 shares. Based on an average daily trading volume, of 41,095 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

Invesco Russell 1000 Equal Weight ETF Price Performance

EQAL stock traded down $0.73 during midday trading on Friday, reaching $56.88. The company had a trading volume of 24,046 shares, compared to its average volume of 67,732. Invesco Russell 1000 Equal Weight ETF has a 1 year low of $46.78 and a 1 year high of $58.97. The company has a market capitalization of $779.26 million, a P/E ratio of 18.07 and a beta of 0.91. The firm has a 50-day moving average price of $56.50 and a 200-day moving average price of $54.78.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently added to or reduced their stakes in the business. Sykon Capital LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter worth $13,402,000. Geneos Wealth Management Inc. lifted its stake in Invesco Russell 1000 Equal Weight ETF by 24.9% in the first quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after purchasing an additional 20,722 shares during the last quarter. UBS Group AG lifted its stake in Invesco Russell 1000 Equal Weight ETF by 38.4% in the fourth quarter. UBS Group AG now owns 77,545 shares of the company’s stock worth $4,082,000 after purchasing an additional 21,498 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Invesco Russell 1000 Equal Weight ETF by 8.4% in the fourth quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock worth $2,678,000 after purchasing an additional 3,923 shares during the last quarter. Finally, Friedenthal Financial lifted its stake in Invesco Russell 1000 Equal Weight ETF by 9.1% in the fourth quarter. Friedenthal Financial now owns 50,093 shares of the company’s stock worth $2,637,000 after purchasing an additional 4,194 shares during the last quarter.

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.