Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Shares Shorted: Short Interest Up 206.1% in October

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 48,901 shares, an increase of 206.1% from the October 15th total of 15,975 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 39,820 shares, the days-to-cover ratio is currently 1.2 days.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA:EQAL traded up $0.11 during midday trading on Friday, reaching $59.74. 33,274 shares of the stock traded hands, compared to its average volume of 48,409. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $49.86 and a 12-month high of $62.03. The business has a 50-day moving average of $58.91 and a two-hundred day moving average of $58.28. The stock has a market capitalization of $835.17 million, a PE ratio of 18.79 and a beta of 0.91.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Several institutional investors and hedge funds have recently bought and sold shares of EQAL. Bank of America Corp DE lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 53.9% during the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock valued at $21,981,000 after purchasing an additional 139,631 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 24.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after purchasing an additional 20,722 shares in the last quarter. Lunt Capital Management Inc. boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 3.6% in the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock worth $2,845,000 after purchasing an additional 1,684 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% in the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after purchasing an additional 38,189 shares in the last quarter. Finally, Bingham Private Wealth LLC boosted its position in shares of Invesco Russell 1000 Equal Weight ETF by 1.5% in the 3rd quarter. Bingham Private Wealth LLC now owns 48,424 shares of the company’s stock worth $2,773,000 after purchasing an additional 730 shares in the last quarter.

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.