ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Up 1,068.5% in May

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 395,814 shares, an increase of 1,068.5% from the May 14th total of 33,874 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 93,415 shares, the days-to-cover ratio is currently 4.2 days.

ALPS Equal Sector Weight ETF Trading Up 0.2%

NYSEARCA EQL traded up $0.11 on Thursday, reaching $49.82. The company’s stock had a trading volume of 15,464 shares, compared to its average volume of 77,023. The firm has a market cap of $691.50 million, a PE ratio of 22.84 and a beta of 0.84. The business has a 50-day moving average price of $49.68 and a 200 day moving average price of $48.39. ALPS Equal Sector Weight ETF has a 52 week low of $42.95 and a 52 week high of $50.90.

Institutional Trading of ALPS Equal Sector Weight ETF

Large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in ALPS Equal Sector Weight ETF by 160.6% during the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in ALPS Equal Sector Weight ETF during the fourth quarter worth about $79,000. Jones Financial Companies Lllp grew its stake 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 buying an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in ALPS Equal Sector Weight ETF during the second quarter worth about $164,000. Finally, Fifth Third Bancorp bought a new stake in ALPS Equal Sector Weight ETF during the first quarter worth about $179,000.

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.