Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Update

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 148,172 shares, a growth of 227.1% from the March 15th total of 45,297 shares. Based on an average trading volume of 97,858 shares, the short-interest ratio is presently 1.5 days. Approximately 1.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EQAL. NewEdge Advisors LLC grew its position in Invesco Russell 1000 Equal Weight ETF by 78.0% in the fourth quarter. NewEdge Advisors LLC now owns 25,267 shares of the company’s stock valued at $1,330,000 after acquiring an additional 11,071 shares in the last quarter. Empowered Funds LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF during the 4th quarter valued at $649,000. Royal Bank of Canada boosted its position in Invesco Russell 1000 Equal Weight ETF by 19.0% during the 4th quarter. Royal Bank of Canada now owns 8,709 shares of the company’s stock worth $459,000 after acquiring an additional 1,393 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Invesco Russell 1000 Equal Weight ETF by 1.4% in the fourth quarter. Kestra Advisory Services LLC now owns 14,922 shares of the company’s stock worth $785,000 after purchasing an additional 201 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Invesco Russell 1000 Equal Weight ETF by 8.4% during the fourth quarter. Arkadios Wealth Advisors now owns 50,865 shares of the company’s stock valued at $2,678,000 after purchasing an additional 3,923 shares in the last quarter.

Invesco Russell 1000 Equal Weight ETF Stock Down 0.5%

Shares of EQAL stock traded down $0.30 during mid-day trading on Friday, reaching $56.54. The company’s stock had a trading volume of 99,955 shares, compared to its average volume of 76,291. The firm has a market capitalization of $767.81 million, a PE ratio of 18.07 and a beta of 0.94. The company’s 50 day simple moving average is $56.01 and its 200-day simple moving average is $53.86. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $42.67 and a 12-month high of $58.01.

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.