Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Down 50.8% in January

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 43,700 shares, a drop of 50.8% from the January 15th total of 88,772 shares. Based on an average daily volume of 204,639 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 204,639 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC acquired a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at about $32,000. Private Trust Co. NA bought a new stake in Invesco S&P 100 Equal Weight ETF during the third quarter worth approximately $55,000. United Community Bank acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at $64,000. Finally, Asset Dedication LLC acquired a new stake in Invesco S&P 100 Equal Weight ETF during the third quarter valued at approximately $69,000.

Invesco S&P 100 Equal Weight ETF Stock Down 0.7%

Shares of EQWL traded down $0.83 during trading on Thursday, reaching $121.76. The company’s stock had a trading volume of 81,157 shares, compared to its average volume of 141,590. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95. The company has a fifty day moving average of $119.77 and a two-hundred day moving average of $116.07. Invesco S&P 100 Equal Weight ETF has a twelve month low of $89.16 and a twelve month high of $123.35.

Invesco S&P 100 Equal Weight ETF Company Profile

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.