Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Drops 72.9%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 15,975 shares, a decrease of 72.9% from the September 30th total of 58,993 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 29,249 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. SFE Investment Counsel raised its position in Invesco Russell 1000 Equal Weight ETF by 1.8% in the first quarter. SFE Investment Counsel now owns 27,265 shares of the company’s stock worth $1,502,000 after acquiring an additional 480 shares during the period. Breakwater Capital Group raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 5.9% in the third quarter. Breakwater Capital Group now owns 19,637 shares of the company’s stock worth $1,125,000 after buying an additional 1,099 shares during the period. Lunt Capital Management Inc. lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 3.6% during the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock valued at $2,845,000 after buying an additional 1,684 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Invesco Russell 1000 Equal Weight ETF by 13.1% during the 2nd quarter. NewEdge Advisors LLC now owns 22,507 shares of the company’s stock valued at $1,334,000 after buying an additional 2,610 shares in the last quarter. Finally, Allworth Financial LP bought a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter valued at approximately $166,000.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.4%

EQAL stock traded down $0.21 during trading on Wednesday, reaching $58.88. The stock had a trading volume of 7,808 shares, compared to its average volume of 48,078. The firm has a market cap of $814.31 million, a PE ratio of 18.07 and a beta of 0.91. The stock’s 50 day moving average is $59.42 and its two-hundred day moving average is $57.98. Invesco Russell 1000 Equal Weight ETF has a 52 week low of $49.86 and a 52 week high of $62.03.

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.