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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a large increase in short interest in the month of 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 volume of 41,095 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Sykon Capital LLC acquired a new position in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $13,402,000. Bingham Private Wealth LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter worth approximately $2,380,000. Thrivent Financial for Lutherans bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $2,192,000. Empowered Funds LLC lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% in the first quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock valued at $2,783,000 after purchasing an additional 38,189 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the first quarter valued at approximately $1,856,000.

Invesco Russell 1000 Equal Weight ETF Stock Up 0.3%

EQAL stock traded up $0.17 during midday trading on Monday, reaching $57.05. 9,160 shares of the company’s stock traded hands, compared to its average volume of 67,091. The firm’s fifty day moving average price is $56.50 and its 200-day moving average price is $54.79. Invesco Russell 1000 Equal Weight ETF has a 52 week low of $46.78 and a 52 week high of $58.97. The company has a market cap of $781.59 million, a price-to-earnings ratio of 18.07 and a beta of 0.91.

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.