Short Interest in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Expands By 227.1%
by Michael Walen · The Markets DailyInvesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 148,172 shares, a growth of 227.1% from the March 15th total of 45,297 shares. Based on an average daily trading volume, of 97,858 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the shares of the company are sold short.
Institutional Trading of Invesco Russell 1000 Equal Weight ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Wealth Advisors LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at $45,000. Lodestone Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth about $81,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 501 shares in the last quarter. Fiduciary Financial Group LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $203,000. Finally, Harbour Investments Inc. grew its position in Invesco Russell 1000 Equal Weight ETF by 30.2% during the 4th quarter. Harbour Investments Inc. now owns 3,956 shares of the company’s stock valued at $208,000 after purchasing an additional 917 shares during the last quarter.
Invesco Russell 1000 Equal Weight ETF Stock Performance
NYSEARCA EQAL traded down $0.30 during trading hours on Friday, reaching $56.54. 99,955 shares of the company’s stock were exchanged, compared to its average volume of 76,291. The company’s 50-day moving average is $56.01 and its two-hundred day moving average is $53.86. Invesco Russell 1000 Equal Weight ETF has a one year low of $42.67 and a one year high of $58.01. The company has a market capitalization of $767.81 million, a price-to-earnings ratio of 18.07 and a beta of 0.94.
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.