Short Interest in Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Declines By 50.8%

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 43,700 shares, a decline of 50.8% from the January 15th total of 88,772 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 204,639 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 204,639 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Invesco S&P 100 Equal Weight ETF Stock Performance

EQWL stock traded up $0.81 during trading on Friday, reaching $121.91. 72,214 shares of the company traded hands, compared to its average volume of 140,414. The business has a 50 day simple moving average of $119.91 and a 200 day simple moving average of $116.21. Invesco S&P 100 Equal Weight ETF has a 12 month low of $89.16 and a 12 month high of $123.35. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQWL. Pittenger & Anderson Inc. purchased a new stake in Invesco S&P 100 Equal Weight ETF during the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the third quarter worth $32,000. Private Trust Co. NA acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the third quarter worth $55,000. Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock valued at $59,000 after purchasing an additional 501 shares during the last quarter. Finally, United Community Bank purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter valued at $64,000.

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.