Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Report for October

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 15,975 shares, a decline of 72.9% from the September 30th total of 58,993 shares. Based on an average daily trading volume, of 29,249 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 53.9% in the first quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock valued at $21,981,000 after acquiring an additional 139,631 shares during the period. Geneos Wealth Management Inc. increased its position in Invesco Russell 1000 Equal Weight ETF by 24.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after purchasing an additional 20,722 shares in the last quarter. Empowered Funds LLC increased its stake in Invesco Russell 1000 Equal Weight ETF by 309.8% in the first quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock valued at $2,783,000 after purchasing an additional 38,189 shares during the last quarter. Lunt Capital Management Inc. grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 3.6% during the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock valued at $2,845,000 after buying an additional 1,684 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Invesco Russell 1000 Equal Weight ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 45,280 shares of the company’s stock worth $2,683,000 after acquiring an additional 3,421 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Trading Down 1.2%

EQAL traded down $0.74 on Friday, hitting $58.90. 76,034 shares of the company’s stock were exchanged, compared to its average volume of 48,124. The firm has a 50-day moving average price of $59.34 and a 200-day moving average price of $58.03. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $49.86 and a fifty-two week high of $62.03. The stock has a market cap of $815.78 million, a price-to-earnings ratio of 18.07 and a beta of 0.91.

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.