Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) Stock Short Interest Falls 37.9%

Invesco Russell 1000 Equal Weight ETF (NYSEARCA:EQAL) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 58,993 shares, a decline of 37.9% from the September 15th total of 95,063 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 48,395 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Invesco Russell 1000 Equal Weight ETF in the second quarter valued at approximately $166,000. Valeo Financial Advisors LLC purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF during the 2nd quarter worth approximately $208,000. Ulrich Consultants & Investment Group LLC bought a new stake in Invesco Russell 1000 Equal Weight ETF in the 3rd quarter valued at about $756,000. Breakwater Capital Group boosted its holdings in shares of Invesco Russell 1000 Equal Weight ETF by 22.6% in the first quarter. Breakwater Capital Group now owns 16,408 shares of the company’s stock worth $904,000 after acquiring an additional 3,022 shares during the period. Finally, Diversified Management Inc. purchased a new stake in shares of Invesco Russell 1000 Equal Weight ETF in the third quarter worth about $1,085,000.

Invesco Russell 1000 Equal Weight ETF Stock Performance

NYSEARCA:EQAL traded down $0.34 during mid-day trading on Friday, hitting $58.19. 23,275 shares of the stock were exchanged, compared to its average volume of 49,001. The stock has a market capitalization of $805.99 million, a price-to-earnings ratio of 18.07 and a beta of 0.91. Invesco Russell 1000 Equal Weight ETF has a fifty-two week low of $49.86 and a fifty-two week high of $62.03. The firm’s 50-day simple moving average is $59.84 and its 200 day simple moving average is $58.84.

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.