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

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 69,753 shares, a growth of 144.3% from the September 15th total of 28,551 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 117,244 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,069,858 shares of the company’s stock worth $138,033,000 after acquiring an additional 16,167 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 678,768 shares of the company’s stock valued at $78,221,000 after purchasing an additional 22,443 shares during the last quarter. RFP Financial Group LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 32.0% during the fourth quarter. RFP Financial Group LLC now owns 458,426 shares of the company’s stock valued at $54,167,000 after purchasing an additional 111,115 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Invesco S&P 100 Equal Weight ETF by 39.6% during the first quarter. Private Advisor Group LLC now owns 260,206 shares of the company’s stock valued at $29,986,000 after purchasing an additional 73,797 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Invesco S&P 100 Equal Weight ETF by 8.8% during the first quarter. Bank of America Corp DE now owns 246,138 shares of the company’s stock worth $28,365,000 after purchasing an additional 19,959 shares during the last quarter.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of Invesco S&P 100 Equal Weight ETF stock traded down $0.34 on Wednesday, hitting $130.67. The company had a trading volume of 58,158 shares, compared to its average volume of 107,932. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89. Invesco S&P 100 Equal Weight ETF has a 1 year low of $112.31 and a 1 year high of $136.07. The stock has a 50 day moving average of $132.63 and a 200-day moving average of $128.09.

Invesco S&P 100 Equal Weight ETF Company Profile

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.