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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 16,051 shares, a decrease of 68.4% from the December 31st total of 50,773 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 50,567 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 50,567 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Invesco Russell 1000 Equal Weight ETF Price Performance

Shares of EQAL traded down $0.14 during trading hours on Wednesday, hitting $55.01. The stock had a trading volume of 32,059 shares, compared to its average volume of 41,314. Invesco Russell 1000 Equal Weight ETF has a 12 month low of $40.85 and a 12 month high of $55.55. The firm has a market capitalization of $717.88 million, a PE ratio of 18.07 and a beta of 1.00. The stock has a fifty day moving average price of $53.36 and a 200 day moving average price of $52.06.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of large investors have recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 2nd quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at $81,000. Harbour Investments Inc. boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 9.9% in the 2nd quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock worth $155,000 after buying an additional 285 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco Russell 1000 Equal Weight ETF by 15.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock worth $198,000 after buying an additional 501 shares in the last quarter. Finally, Fiduciary Financial Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the third quarter valued at about $203,000.

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.