Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Update

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 43,322 shares, a decline of 65.7% from the August 15th total of 126,457 shares. Based on an average daily volume of 120,542 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Invesco S&P 100 Equal Weight ETF Trading Up 0.7%

Shares of Invesco S&P 100 Equal Weight ETF stock opened at $132.47 on Friday. The firm has a fifty day simple moving average of $132.37 and a 200-day simple moving average of $126.11. 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 market capitalization of $2.74 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89.

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

Several institutional investors and hedge funds have recently bought and sold shares of EQWL. Royal Bank of Canada lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock worth $4,793,000 after acquiring an additional 6,664 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 20.7% during the first quarter. NewEdge Advisors LLC now owns 4,082 shares of the company’s stock worth $421,000 after purchasing an additional 700 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P 100 Equal Weight ETF in the first quarter valued at approximately $872,000. Jane Street Group LLC increased its stake in shares of Invesco S&P 100 Equal Weight ETF by 6.5% in the first quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock valued at $783,000 after buying an additional 465 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Invesco S&P 100 Equal Weight ETF by 557.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,640 shares of the company’s stock valued at $3,479,000 after buying an additional 26,829 shares during the last quarter.

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.