Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Up 37.4% in February

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 76,852 shares, an increase of 37.4% from the February 12th total of 55,953 shares. Based on an average daily trading volume, of 159,387 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 159,387 shares, the days-to-cover ratio is currently 0.5 days.

Invesco S&P 100 Equal Weight ETF Price Performance

Invesco S&P 100 Equal Weight ETF stock traded up $1.29 during midday trading on Monday, reaching $118.39. 19,424 shares of the company traded hands, compared to its average volume of 141,640. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 20.16 and a beta of 0.95. The business has a 50 day moving average of $120.85 and a two-hundred day moving average of $117.59. Invesco S&P 100 Equal Weight ETF has a 12 month low of $89.16 and a 12 month high of $123.35.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of Invesco S&P 100 Equal Weight ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock valued at $208,596,000 after purchasing an additional 156,725 shares during the period. Cetera Investment Advisers grew its holdings in shares of Invesco S&P 100 Equal Weight ETF by 5.7% in the fourth quarter. Cetera Investment Advisers now owns 656,325 shares of the company’s stock valued at $77,551,000 after purchasing an additional 35,458 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Invesco S&P 100 Equal Weight ETF by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 475,654 shares of the company’s stock worth $54,603,000 after buying an additional 31,244 shares during the last quarter. RFP Financial Group LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the 2nd quarter valued at about $51,869,000. Finally, Bond & Devick Financial Network Inc. grew its position in Invesco S&P 100 Equal Weight ETF by 4.2% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 311,977 shares of the company’s stock worth $36,863,000 after acquiring an additional 12,652 shares in the last quarter.

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.