ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Large Increase in Short Interest

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 32,917 shares, an increase of 708.4% from the January 15th total of 4,072 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 130,698 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 130,698 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQL. Cullen Frost Bankers Inc. purchased a new position in ALPS Equal Sector Weight ETF in the third quarter valued at about $29,000. Blue Trust Inc. purchased a new position in shares of ALPS Equal Sector Weight ETF during the 2nd quarter valued at approximately $38,000. BOK Financial Private Wealth Inc. grew its position in shares of ALPS Equal Sector Weight ETF by 200.0% during the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after buying an additional 800 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 806 shares in the last quarter. Finally, MAI Capital Management boosted its stake in ALPS Equal Sector Weight ETF by 200.0% during the 2nd quarter. MAI Capital Management now owns 1,773 shares of the company’s stock valued at $78,000 after acquiring an additional 1,182 shares during the last quarter.

ALPS Equal Sector Weight ETF Trading Up 0.3%

NYSEARCA:EQL traded up $0.17 during trading hours on Tuesday, hitting $49.19. The stock had a trading volume of 49,643 shares, compared to its average volume of 109,702. The company has a market cap of $637.01 million, a PE ratio of 22.84 and a beta of 0.91. The business has a 50 day simple moving average of $47.28 and a two-hundred day simple moving average of $46.15. ALPS Equal Sector Weight ETF has a 1-year low of $36.66 and a 1-year high of $49.30.

About ALPS Equal Sector Weight ETF

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.