Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Update

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 28,887 shares, a decrease of 58.9% from the February 12th total of 70,220 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,321 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 70,321 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Invesco Russell 1000 Equal Weight ETF Trading Down 0.5%

Shares of NYSEARCA:EQAL opened at $55.79 on Wednesday. Invesco Russell 1000 Equal Weight ETF has a twelve month low of $40.85 and a twelve month high of $58.01. The firm has a market cap of $728.06 million, a P/E ratio of 18.07 and a beta of 1.00. The company has a 50 day moving average of $55.59 and a 200-day moving average of $53.32.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sykon Capital LLC bought a new position in Invesco Russell 1000 Equal Weight ETF during the third quarter valued at about $13,402,000. Bingham Private Wealth LLC bought a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth approximately $2,380,000. Thrivent Financial for Lutherans acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the third quarter valued at approximately $2,192,000. Carroll Advisory Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $1,620,000. Finally, Clark Asset Management LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the fourth quarter worth approximately $1,273,000.

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.