Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Falls 37.9%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 58,993 shares, a decrease of 37.9% from the September 15th total of 95,063 shares. Based on an average trading volume of 48,395 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s stock are sold short.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.4%

Shares of Invesco Russell 1000 Equal Weight ETF stock traded down $0.21 during trading on Friday, reaching $58.32. The company’s stock had a trading volume of 33,501 shares, compared to its average volume of 49,105. The company has a 50-day simple moving average of $59.79 and a two-hundred day simple moving average of $58.84. Invesco Russell 1000 Equal Weight ETF has a 1-year low of $49.86 and a 1-year high of $62.03. The company has a market cap of $807.73 million, a price-to-earnings ratio of 18.07 and a beta of 0.91.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of large investors have recently made changes to their positions in EQAL. Geneos Wealth Management Inc. increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 24.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock valued at $5,735,000 after acquiring an additional 20,722 shares during the period. Sanctuary Advisors LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the 1st quarter worth $1,856,000. Bank of America Corp DE raised its stake in Invesco Russell 1000 Equal Weight ETF by 53.9% in the 1st quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after acquiring an additional 139,631 shares during the last quarter. Empowered Funds LLC raised its stake in Invesco Russell 1000 Equal Weight ETF by 309.8% in the 1st quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after acquiring an additional 38,189 shares during the last quarter. Finally, Ulrich Consultants & Investment Group LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter worth about $756,000.

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.