Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Sees Large Decrease in Short Interest

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

Invesco Russell 1000 Equal Weight ETF Stock Performance

EQAL stock traded down $0.04 during midday trading on Friday, reaching $54.99. 55,835 shares of the company traded hands, compared to its average volume of 69,303. The firm has a market capitalization of $717.62 million, a price-to-earnings ratio of 18.07 and a beta of 1.00. Invesco Russell 1000 Equal Weight ETF has a 52-week low of $40.85 and a 52-week high of $58.01. The business has a 50 day moving average of $55.73 and a 200-day moving average of $53.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EQAL. Strategic Wealth Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the fourth quarter valued at $45,000. Lodestone Wealth Management LLC purchased a new position in shares of Invesco Russell 1000 Equal Weight ETF during the 4th quarter worth about $81,000. Jones Financial Companies Lllp grew its holdings in Invesco Russell 1000 Equal Weight ETF by 15.1% during the 3rd 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 last quarter. Fiduciary Financial Group LLC bought a new position in Invesco Russell 1000 Equal Weight ETF during the 3rd quarter valued at about $203,000. Finally, Captrust Financial Advisors purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the 2nd quarter worth about $203,000.

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.