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

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

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several institutional investors have recently modified their holdings of the company. Pittenger & Anderson Inc. purchased a new position in Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at approximately $30,000. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at $32,000. Private Trust Co. NA acquired a new position in shares of Invesco S&P 100 Equal Weight ETF during the 3rd quarter worth $55,000. United Community Bank acquired a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter valued at approximately $64,000. Finally, Asset Dedication LLC acquired a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth $69,000.

Invesco S&P 100 Equal Weight ETF Trading Down 0.7%

Shares of NYSEARCA:EQWL traded down $0.83 on Thursday, reaching $121.76. 81,157 shares of the company were exchanged, compared to its average volume of 141,590. Invesco S&P 100 Equal Weight ETF has a 1-year low of $89.16 and a 1-year high of $123.35. The company has a 50-day moving average of $119.77 and a 200-day moving average of $116.07. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95.

Invesco S&P 100 Equal Weight ETF Company Profile

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.