Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Significant Decline in Short Interest

by · The Markets Daily

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) was the target of a significant decrease in short interest during 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. Based on an average daily volume of 50,567 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 50,567 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Institutional investors have recently made changes to their positions in the stock. Sykon Capital LLC bought a new position in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth approximately $13,402,000. Arkadios Wealth Advisors bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter valued at $2,333,000. Bingham Private Wealth LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at $2,380,000. Thrivent Financial for Lutherans purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth about $2,192,000. Finally, Lunt Capital Management Inc. increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 235.6% in the 2nd quarter. Lunt Capital Management Inc. now owns 46,323 shares of the company’s stock worth $2,281,000 after acquiring an additional 32,521 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.3%

Shares of NYSEARCA:EQAL traded down $0.14 during trading on Wednesday, reaching $55.01. The company 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 stock has a market capitalization of $717.88 million, a P/E ratio of 18.07 and a beta of 1.00. The company has a fifty day moving average of $53.36 and a two-hundred day moving average of $52.06.

Invesco Russell 1000 Equal Weight ETF Company Profile

(Get Free Report)

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.

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