ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Down 39.4% in February

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 25,754 shares, a drop of 39.4% from the February 12th total of 42,472 shares. Based on an average daily volume of 109,451 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 109,451 shares, the days-to-cover ratio is presently 0.2 days.

ALPS Equal Sector Weight ETF Stock Performance

NYSEARCA EQL traded down $0.11 during trading hours on Friday, reaching $48.01. The stock had a trading volume of 37,367 shares, compared to its average volume of 103,848. ALPS Equal Sector Weight ETF has a 52-week low of $36.66 and a 52-week high of $50.04. The stock has a fifty day moving average of $48.51 and a 200 day moving average of $46.86. The stock has a market cap of $621.73 million, a P/E ratio of 22.84 and a beta of 0.91.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EQL. Cullen Frost Bankers Inc. acquired a new position in ALPS Equal Sector Weight ETF during the third quarter valued at $29,000. Smartleaf Asset Management LLC raised its stake in shares of ALPS Equal Sector Weight ETF by 160.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at about $79,000. MAI Capital Management boosted its stake in shares of ALPS Equal Sector Weight ETF by 200.0% in the second quarter. MAI Capital Management now owns 1,773 shares of the company’s stock worth $78,000 after buying an additional 1,182 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in ALPS Equal Sector Weight ETF by 68.8% during the first quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after acquiring an additional 1,058 shares during the period.

ALPS Equal Sector Weight ETF Company Profile

The ALPS Equal Sector Weight ETF (EQL) is an exchange-traded fund that is based on the NYSE Select Sector Equal Weight index. The fund tracks an equal-weighted index of all select sector SPDR ETFs. EQL was launched on Jul 7, 2009 and is managed by ALPS.