Short Interest in Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Rises By 105.5%
by Renee Jackson · The Cerbat GemInvesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 56,567 shares, an increase of 105.5% from the April 15th total of 27,532 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 41,095 shares, the short-interest ratio is currently 1.4 days.
Invesco Russell 1000 Equal Weight ETF Stock Down 1.3%
NYSEARCA:EQAL traded down $0.73 during mid-day trading on Friday, hitting $56.88. 24,046 shares of the stock traded hands, compared to its average volume of 67,732. The business’s 50-day moving average price is $56.50 and its 200 day moving average price is $54.78. The company has a market cap of $779.26 million, a PE ratio of 18.07 and a beta of 0.91. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $46.78 and a 12-month high of $58.97.
Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sykon Capital LLC purchased a new position in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth approximately $13,402,000. Geneos Wealth Management Inc. grew its stake in Invesco Russell 1000 Equal Weight ETF by 24.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock worth $5,735,000 after buying an additional 20,722 shares in the last quarter. UBS Group AG grew its stake in Invesco Russell 1000 Equal Weight ETF by 38.4% in the 4th quarter. UBS Group AG now owns 77,545 shares of the company’s stock worth $4,082,000 after buying an additional 21,498 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Invesco Russell 1000 Equal Weight ETF by 8.4% in the 4th quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock worth $2,678,000 after buying an additional 3,923 shares in the last quarter. Finally, Friedenthal Financial grew its stake in Invesco Russell 1000 Equal Weight ETF by 9.1% in the 4th quarter. Friedenthal Financial now owns 50,093 shares of the company’s stock worth $2,637,000 after buying an additional 4,194 shares in the last quarter.
About Invesco Russell 1000 Equal Weight ETF
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.