Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) Sees Significant Growth in Short Interest

Invesco S&P 100 Equal Weight ETF (NYSEARCA:EQWL) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 88,772 shares, an increase of 74.0% from the December 31st total of 51,033 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 103,801 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 103,801 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Invesco S&P 100 Equal Weight ETF Trading Up 0.3%

Shares of EQWL stock traded up $0.33 during trading hours on Friday, reaching $120.81. The stock had a trading volume of 95,726 shares, compared to its average volume of 154,181. The stock’s fifty day simple moving average is $118.91 and its 200 day simple moving average is $115.48. The firm has a market capitalization of $2.09 billion, a PE ratio of 20.16 and a beta of 0.95. Invesco S&P 100 Equal Weight ETF has a 12 month low of $89.16 and a 12 month high of $121.28.

Institutional Investors Weigh In On Invesco S&P 100 Equal Weight ETF

Several institutional investors have recently bought and sold shares of EQWL. Parallel Advisors LLC boosted its holdings in Invesco S&P 100 Equal Weight ETF by 5.1% in the third quarter. Parallel Advisors LLC now owns 1,757 shares of the company’s stock valued at $201,000 after acquiring an additional 85 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Invesco S&P 100 Equal Weight ETF by 9.2% during the 3rd quarter. Ameritas Advisory Services LLC now owns 1,149 shares of the company’s stock valued at $132,000 after purchasing an additional 97 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in shares of Invesco S&P 100 Equal Weight ETF by 2.8% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,636 shares of the company’s stock valued at $417,000 after buying an additional 100 shares during the period. National Wealth Management Group LLC increased its position in shares of Invesco S&P 100 Equal Weight ETF by 0.4% during the second quarter. National Wealth Management Group LLC now owns 25,863 shares of the company’s stock valued at $2,844,000 after buying an additional 104 shares during the period. Finally, Merit Financial Group LLC raised its stake in Invesco S&P 100 Equal Weight ETF by 0.3% in the third quarter. Merit Financial Group LLC now owns 50,743 shares of the company’s stock worth $5,819,000 after buying an additional 127 shares in the last quarter.

About Invesco S&P 100 Equal Weight ETF

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.