Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Climbs 206.1%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 48,901 shares, an increase of 206.1% from the October 15th total of 15,975 shares. Based on an average daily trading volume, of 39,820 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the company’s stock are short sold.

Invesco Russell 1000 Equal Weight ETF Stock Down 1.0%

Shares of EQAL traded down $0.60 during mid-day trading on Thursday, reaching $59.63. 33,758 shares of the stock traded hands, compared to its average volume of 48,479. Invesco Russell 1000 Equal Weight ETF has a 12-month low of $49.86 and a 12-month high of $62.03. The firm has a market cap of $833.63 million, a price-to-earnings ratio of 18.79 and a beta of 0.92. The stock has a fifty day simple moving average of $58.94 and a 200 day simple moving average of $58.25.

Institutional Investors Weigh In On Invesco Russell 1000 Equal Weight ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Invesco Russell 1000 Equal Weight ETF by 53.9% during the first quarter. Bank of America Corp DE now owns 398,926 shares of the company’s stock worth $21,981,000 after purchasing an additional 139,631 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 24.9% in the first quarter. Geneos Wealth Management Inc. now owns 104,087 shares of the company’s stock valued at $5,735,000 after acquiring an additional 20,722 shares during the period. Empowered Funds LLC increased its stake in shares of Invesco Russell 1000 Equal Weight ETF by 309.8% during the first quarter. Empowered Funds LLC now owns 50,514 shares of the company’s stock worth $2,783,000 after purchasing an additional 38,189 shares in the last quarter. Bingham Private Wealth LLC lifted its holdings in Invesco Russell 1000 Equal Weight ETF by 1.5% in the third quarter. Bingham Private Wealth LLC now owns 48,424 shares of the company’s stock valued at $2,773,000 after acquiring an additional 730 shares during the last quarter. Finally, Lunt Capital Management Inc. raised its position in Invesco Russell 1000 Equal Weight ETF by 3.6% in the 2nd quarter. Lunt Capital Management Inc. now owns 48,007 shares of the company’s stock valued at $2,845,000 after purchasing an additional 1,684 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.