ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Update

ALPS Equal Sector Weight ETF (NYSEARCA:EQLGet Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 33,914 shares, a decrease of 53.4% from the June 15th total of 72,731 shares. Based on an average daily volume of 29,320 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

ALPS Equal Sector Weight ETF Trading Up 0.2%

Shares of NYSEARCA:EQL traded up $0.08 on Wednesday, hitting $51.14. 50,585 shares of the company were exchanged, compared to its average volume of 72,121. The firm has a market capitalization of $749.20 million, a P/E ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a 1-year low of $43.58 and a 1-year high of $51.36. The stock’s 50 day moving average price is $50.47 and its 200 day moving average price is $49.14.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of ALPS Equal Sector Weight ETF by 160.6% in the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after purchasing an additional 806 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth about $79,000. JPMorgan Chase & Co. purchased a new stake in ALPS Equal Sector Weight ETF in the second quarter valued at approximately $164,000. Fifth Third Bancorp purchased a new stake in ALPS Equal Sector Weight ETF in the first quarter valued at approximately $179,000. Finally, Equitable Holdings Inc. purchased a new stake in ALPS Equal Sector Weight ETF in the third quarter valued at approximately $236,000.

ALPS Equal Sector Weight ETF Company Profile

(Get Free Report)

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.

Further Reading

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