Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Report for September

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 58,993 shares, a decline of 37.9% from the September 15th total of 95,063 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,395 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Invesco Russell 1000 Equal Weight ETF by 53.9% in the first quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% during the 1st 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 during the period. Sanctuary Advisors LLC bought a new position in Invesco Russell 1000 Equal Weight ETF in the first quarter worth approximately $1,856,000. Geneos Wealth Management Inc. grew its holdings in Invesco Russell 1000 Equal Weight ETF by 24.9% during the first quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock valued at $5,735,000 after purchasing an additional 20,722 shares during the period. Finally, Diversified Management Inc. bought a new stake in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth approximately $1,085,000.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.6%

Shares of EQAL traded down $0.34 during trading hours on Friday, hitting $58.19. The company had a trading volume of 23,275 shares, compared to its average volume of 49,001. The stock’s 50 day moving average price is $59.84 and its 200 day moving average price is $58.84. The firm has a market cap of $805.99 million, a P/E ratio of 18.07 and a beta of 0.91. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $49.86 and a 52-week high of $62.03.

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.