Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Up 56.8% in March

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 45,297 shares, an increase of 56.8% from the February 26th total of 28,887 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 87,467 shares, the short-interest ratio is presently 0.5 days.

Invesco Russell 1000 Equal Weight ETF Stock Performance

Shares of EQAL stock traded down $0.60 during trading hours on Friday, reaching $54.18. The company had a trading volume of 217,678 shares, compared to its average volume of 74,442. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $40.85 and a 12-month high of $58.01. The company has a market capitalization of $707.05 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. The stock has a fifty day moving average of $55.85 and a 200-day moving average of $53.61.

Institutional Trading of Invesco Russell 1000 Equal Weight ETF

Several large investors have recently added to or reduced their stakes in the stock. Strategic Wealth Advisors LLC acquired a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 4th quarter worth $45,000. Lodestone Wealth Management LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at about $81,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 15.1% in the third quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock valued at $198,000 after purchasing an additional 501 shares during the period. Fiduciary Financial Group LLC acquired a new stake in Invesco Russell 1000 Equal Weight ETF during the third quarter worth about $203,000. Finally, Harbour Investments Inc. raised its stake in Invesco Russell 1000 Equal Weight ETF by 30.2% during the fourth quarter. Harbour Investments Inc. now owns 3,956 shares of the company’s stock worth $208,000 after purchasing an additional 917 shares during the period.

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.