Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Up 139.7% in September

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 56,100 shares, an increase of 139.7% from the August 31st total of 23,400 shares. Based on an average trading volume of 69,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 69,500 shares, the days-to-cover ratio is currently 0.8 days.

Invesco S&P 100 Equal Weight ETF Stock Performance

Shares of NYSEARCA EQWL opened at $115.44 on Monday. The stock has a market cap of $1.74 billion, a PE ratio of 20.16 and a beta of 0.98. The business has a fifty day moving average of $112.63 and a two-hundred day moving average of $107.42. Invesco S&P 100 Equal Weight ETF has a 52-week low of $89.16 and a 52-week high of $115.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQWL. Nova Wealth Management Inc. lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 192.3% during the first quarter. Nova Wealth Management Inc. now owns 266 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 49.8% in the first quarter. PNC Financial Services Group Inc. now owns 379 shares of the company’s stock valued at $39,000 after buying an additional 126 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the first quarter valued at about $59,000. Spire Wealth Management raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 23.3% in the second quarter. Spire Wealth Management now owns 705 shares of the company’s stock valued at $78,000 after buying an additional 133 shares during the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Invesco S&P 100 Equal Weight ETF by 22.6% in the first quarter. Pinnacle Bancorp Inc. now owns 766 shares of the company’s stock valued at $79,000 after buying an additional 141 shares during the last quarter.

About Invesco S&P 100 Equal Weight ETF

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.