Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Significant Increase in Short Interest

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 88,772 shares, a growth of 74.0% from the December 31st total of 51,033 shares. Based on an average trading volume of 103,801 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 103,801 shares, the short-interest ratio is currently 0.9 days.

Invesco S&P 100 Equal Weight ETF Stock Up 0.3%

EQWL opened at $120.81 on Friday. Invesco S&P 100 Equal Weight ETF has a 52 week low of $89.16 and a 52 week high of $121.28. The stock has a market cap of $2.09 billion, a PE ratio of 20.16 and a beta of 0.95. The business has a 50 day moving average of $118.91 and a 200-day moving average of $115.44.

Institutional Trading of Invesco S&P 100 Equal Weight ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EQWL. Royal Bank of Canada lifted its position in Invesco S&P 100 Equal Weight ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 46,495 shares of the company’s stock valued at $4,793,000 after acquiring an additional 6,664 shares during the period. NewEdge Advisors LLC lifted 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 valued at $421,000 after purchasing an additional 700 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Invesco S&P 100 Equal Weight ETF in the 1st quarter worth approximately $872,000. Jane Street Group LLC grew its stake in shares of Invesco S&P 100 Equal Weight ETF by 6.5% in the 1st quarter. Jane Street Group LLC now owns 7,594 shares of the company’s stock worth $783,000 after buying an additional 465 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Invesco S&P 100 Equal Weight ETF during the 2nd quarter valued at approximately $3,166,000.

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. The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities.