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

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

Institutional Trading of Invesco S&P 100 Equal Weight ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EQWL. Pittenger & Anderson Inc. bought a new position in Invesco S&P 100 Equal Weight ETF in the 4th quarter valued at $30,000. Cornerstone Planning Group LLC bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth $32,000. Private Trust Co. NA bought a new position in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth $55,000. Wells Fargo & Company MN raised its position in shares of Invesco S&P 100 Equal Weight ETF by 50,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 502 shares of the company’s stock worth $59,000 after buying an additional 501 shares in the last quarter. Finally, United Community Bank purchased a new stake in shares of Invesco S&P 100 Equal Weight ETF in the third quarter worth $64,000.

Invesco S&P 100 Equal Weight ETF Trading Down 0.1%

Shares of Invesco S&P 100 Equal Weight ETF stock traded down $0.15 on Friday, reaching $117.10. The stock had a trading volume of 101,989 shares, compared to its average volume of 144,300. 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 market cap of $2.14 billion, a P/E ratio of 20.16 and a beta of 0.95. The business’s 50 day moving average is $120.85 and its two-hundred day moving average is $117.56.

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.