Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Update

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 43,322 shares, a drop of 65.7% from the August 15th total of 126,457 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 120,542 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new position in Invesco S&P 100 Equal Weight ETF in the 1st quarter worth $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the first quarter valued at about $87,000. Western Wealth Management LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the first quarter valued at about $171,000. Apella Capital LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF during the second quarter valued at about $203,000. Finally, Sigma Planning Corp bought a new position in Invesco S&P 100 Equal Weight ETF in the first quarter worth about $219,000.

Invesco S&P 100 Equal Weight ETF Stock Up 0.1%

Shares of EQWL traded up $0.13 during mid-day trading on Monday, hitting $132.60. 54,468 shares of the company’s stock traded hands, compared to its average volume of 105,951. Invesco S&P 100 Equal Weight ETF has a 1 year low of $112.31 and a 1 year high of $136.07. The firm has a market capitalization of $2.74 billion, a P/E ratio of 20.16 and a beta of 0.89. The business’s 50-day moving average price is $132.37 and its 200-day moving average price is $126.15.

About Invesco S&P 100 Equal Weight ETF

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.