Short Interest in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Rises By 105.5%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 56,567 shares, a growth of 105.5% from the April 15th total of 27,532 shares. Based on an average trading volume of 41,095 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA:EQAL traded down $0.73 during midday trading on Friday, reaching $56.88. 24,046 shares of the stock traded hands, compared to its average volume of 67,732. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $46.78 and a 12-month high of $58.97. The business has a 50-day moving average of $56.50 and a two-hundred day moving average of $54.79. The stock has a market capitalization of $779.26 million, a PE ratio of 18.07 and a beta of 0.91.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bingham Private Wealth LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $2,380,000. Clark Asset Management LLC purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $1,273,000. Thrivent Financial for Lutherans purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the third quarter valued at about $2,192,000. Diversified Management Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $984,000. Finally, Breakwater Capital Group raised its stake in Invesco Russell 1000 Equal Weight ETF by 12.0% in the third quarter. Breakwater Capital Group now owns 9,360 shares of the company’s stock valued at $487,000 after buying an additional 1,000 shares during 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.