Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Up 86.8% in January

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 29,982 shares, an increase of 86.8% from the January 15th total of 16,051 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 28,832 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 28,832 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Several large investors have recently modified their holdings of EQAL. Sykon Capital LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the third quarter worth $13,402,000. Geneos Wealth Management Inc. raised its holdings in Invesco Russell 1000 Equal Weight ETF by 4.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 83,365 shares of the company’s stock worth $4,388,000 after buying an additional 3,881 shares during the period. UBS Group AG lifted its stake in Invesco Russell 1000 Equal Weight ETF by 38.4% during the fourth quarter. UBS Group AG now owns 77,545 shares of the company’s stock valued at $4,082,000 after buying an additional 21,498 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 8.4% in the fourth quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock worth $2,678,000 after buying an additional 3,923 shares during the period. Finally, Friedenthal Financial increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 9.1% in the fourth quarter. Friedenthal Financial now owns 50,093 shares of the company’s stock worth $2,637,000 after acquiring an additional 4,194 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Up 1.0%

EQAL stock traded up $0.58 on Friday, hitting $56.79. 129,975 shares of the company’s stock traded hands, compared to its average volume of 62,880. The stock has a market cap of $741.11 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $40.85 and a 1-year high of $57.31. The stock has a fifty day moving average of $54.19 and a 200-day moving average of $52.46.

Invesco Russell 1000 Equal Weight ETF Company Profile

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.