Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Drop in Short Interest

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 13,330 shares, a decline of 46.7% from the November 30th total of 24,995 shares. Based on an average daily volume of 25,163 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 25,163 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.0%

Shares of Invesco Russell 1000 Equal Weight ETF stock traded down $0.01 during mid-day trading on Friday, hitting $53.25. 22,839 shares of the stock were exchanged, compared to its average volume of 37,940. The stock has a market capitalization of $697.58 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $40.85 and a twelve month high of $53.87. The company has a 50-day simple moving average of $52.19 and a 200 day simple moving average of $51.26.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth $25,000. Harbour Investments Inc. increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 9.9% during the 2nd quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock valued at $155,000 after acquiring an additional 285 shares during the last quarter. Jones Financial Companies Lllp lifted 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 worth $198,000 after acquiring an additional 501 shares during the period. Fiduciary Financial Group LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth approximately $203,000. Finally, Cahill Financial Advisors Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at approximately $208,000.

About Invesco Russell 1000 Equal Weight ETF

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.