Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Large Increase in Short Interest

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 76,852 shares, an increase of 37.4% from the February 12th total of 55,953 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 159,387 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 159,387 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Invesco S&P 100 Equal Weight ETF Price Performance

Invesco S&P 100 Equal Weight ETF stock traded down $0.15 during trading hours on Friday, hitting $117.10. The stock had a trading volume of 101,989 shares, compared to its average volume of 144,300. Invesco S&P 100 Equal Weight ETF has a 1-year low of $89.16 and a 1-year high of $123.35. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95. The stock’s fifty day moving average is $120.85 and its two-hundred day moving average is $117.53.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

A number of large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P 100 Equal Weight ETF by 24.7% during the third quarter. Jones Financial Companies Lllp now owns 179,426 shares of the company’s stock valued at $20,526,000 after buying an additional 35,513 shares during the period. Envestnet Asset Management Inc. boosted its position in Invesco S&P 100 Equal Weight ETF by 14.8% during the third quarter. Envestnet Asset Management Inc. now owns 89,817 shares of the company’s stock worth $10,300,000 after acquiring an additional 11,611 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Invesco S&P 100 Equal Weight ETF in the 2nd quarter worth approximately $261,000. Belpointe Asset Management LLC grew its stake in Invesco S&P 100 Equal Weight ETF by 347.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 12,977 shares of the company’s stock worth $1,488,000 after acquiring an additional 10,079 shares during the period. Finally, Fifth Third Securities Inc. raised its holdings in Invesco S&P 100 Equal Weight ETF by 17.8% in the 3rd quarter. Fifth Third Securities Inc. now owns 42,137 shares of the company’s stock valued at $4,832,000 after acquiring an additional 6,354 shares during the last quarter.

About Invesco S&P 100 Equal Weight ETF

PowerShares Fundamental Pure Large Core Portfolio (the Fund), formerly PowerShares Dynamic Large Cap Portfolio, is based on the RAFI Fundamental Large Core Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is consisted of common stocks of large core United States companies, including real estate investment trusts (REITs), from a universe consisted of the 2,500 largest United States companies. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.