Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Short Interest Update

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 43,322 shares, a drop of 65.7% from the August 15th total of 126,457 shares. Based on an average daily volume of 120,542 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Invesco S&P 100 Equal Weight ETF Price Performance

Shares of NYSEARCA:EQWL traded up $0.90 during trading on Friday, reaching $132.47. The company had a trading volume of 50,815 shares, compared to its average volume of 106,247. Invesco S&P 100 Equal Weight ETF has a fifty-two week low of $112.31 and a fifty-two week high of $136.07. The stock’s fifty day moving average price is $132.37 and its 200 day moving average price is $126.15. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 20.16 and a beta of 0.89.

Hedge Funds Weigh In On Invesco S&P 100 Equal Weight ETF

Several institutional investors have recently bought and sold shares of EQWL. KPP Advisory Services LLC boosted its holdings in shares of Invesco S&P 100 Equal Weight ETF by 57.4% in the first quarter. KPP Advisory Services LLC now owns 102,185 shares of the company’s stock valued at $11,776,000 after acquiring an additional 37,248 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 100 Equal Weight ETF by 4.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 176,210 shares of the company’s stock worth $20,821,000 after acquiring an additional 7,002 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P 100 Equal Weight ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 1,765,365 shares of the company’s stock worth $208,596,000 after purchasing an additional 156,725 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Invesco S&P 100 Equal Weight ETF by 48.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 21,145 shares of the company’s stock worth $2,499,000 after purchasing an additional 6,928 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Invesco S&P 100 Equal Weight ETF by 96.0% in the first quarter. Chicago Partners Investment Group LLC now owns 16,840 shares of the company’s stock valued at $2,042,000 after purchasing an additional 8,248 shares during the period.

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.