Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Up 28.0% in February

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 55,953 shares, a growth of 28.0% from the January 29th total of 43,700 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 112,934 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 112,934 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. acquired a new position in Invesco S&P 100 Equal Weight ETF during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC bought a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at approximately $32,000. Private Trust Co. NA acquired a new position in Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth approximately $55,000. Wells Fargo & Company MN boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after acquiring an additional 501 shares in the last quarter. Finally, United Community Bank acquired a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at approximately $64,000.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of NYSEARCA EQWL traded up $0.71 during trading hours on Wednesday, hitting $121.98. 104,823 shares of the stock were exchanged, compared to its average volume of 145,522. The company’s fifty day simple moving average is $120.76 and its two-hundred day simple moving average is $117.21. The company has a market cap of $2.23 billion, a PE ratio of 20.16 and a beta of 0.95. Invesco S&P 100 Equal Weight ETF has a 1-year low of $89.16 and a 1-year high of $123.35.

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.