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

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 29,982 shares, a growth of 86.8% from the January 15th total of 16,051 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 28,832 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 28,832 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s shares are sold short.

Invesco Russell 1000 Equal Weight ETF Stock Up 1.0%

Shares of NYSEARCA EQAL traded up $0.58 during midday trading on Friday, reaching $56.79. The company had a trading volume of 129,975 shares, compared to its average volume of 62,972. Invesco Russell 1000 Equal Weight ETF has a one year low of $40.85 and a one year high of $57.31. The firm’s fifty day moving average price is $54.27 and its 200-day moving average price is $52.51. The stock has a market cap of $741.11 million, a PE ratio of 18.07 and a beta of 1.00.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

A number of institutional investors have recently made changes to their positions in EQAL. Kestra Advisory Services LLC increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. Kestra Advisory Services LLC now owns 14,922 shares of the company’s stock worth $785,000 after buying an additional 201 shares during the period. Harbour Investments Inc. boosted its position in Invesco Russell 1000 Equal Weight ETF by 9.9% during the 2nd quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock valued at $155,000 after buying an additional 285 shares during the period. Cerity Partners LLC grew its holdings in Invesco Russell 1000 Equal Weight ETF by 1.5% in the 2nd quarter. Cerity Partners LLC now owns 23,940 shares of the company’s stock worth $1,179,000 after acquiring an additional 355 shares during the last quarter. SFE Investment Counsel increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. SFE Investment Counsel now owns 26,785 shares of the company’s stock valued at $1,410,000 after acquiring an additional 376 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 7.7% during the first quarter. Royal Bank of Canada now owns 6,764 shares of the company’s stock valued at $320,000 after acquiring an additional 484 shares during the last quarter.

Invesco Russell 1000 Equal Weight ETF Company Profile

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.