Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Short Interest Up 280.9% in December

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 50,773 shares, an increase of 280.9% from the December 15th total of 13,330 shares. Based on an average daily volume of 28,660 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 28,660 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in Invesco Russell 1000 Equal Weight ETF in the second quarter worth approximately $25,000. Harbour Investments Inc. lifted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 9.9% in the 2nd quarter. Harbour Investments Inc. now owns 3,151 shares of the company’s stock worth $155,000 after acquiring an additional 285 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Invesco Russell 1000 Equal Weight ETF by 15.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,818 shares of the company’s stock valued at $198,000 after purchasing an additional 501 shares in the last quarter. Fiduciary Financial Group LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at $203,000. Finally, Cahill Financial Advisors Inc. purchased a new position in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter worth $208,000.

Invesco Russell 1000 Equal Weight ETF Trading Up 0.1%

Shares of Invesco Russell 1000 Equal Weight ETF stock traded up $0.08 on Tuesday, hitting $54.46. 11,123 shares of the company traded hands, compared to its average volume of 53,165. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $40.85 and a 12-month high of $54.56. The company has a market cap of $712.35 million, a P/E ratio of 18.07 and a beta of 1.00. The firm’s 50-day simple moving average is $52.48 and its 200 day simple moving average is $51.65.

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.