Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Decreases By 41.9%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 28,527 shares, a decline of 41.9% from the July 30th total of 49,122 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 32,413 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

Several institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 806 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of ALPS Equal Sector Weight ETF by 4.9% in the 4th quarter. Kestra Advisory Services LLC now owns 22,804 shares of the company’s stock worth $1,058,000 after buying an additional 1,056 shares during the last quarter. Jones Financial Companies Lllp grew its position 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 valued at $324,000 after buying an additional 1,058 shares during the period. Commonwealth Equity Services LLC increased its holdings in ALPS Equal Sector Weight ETF by 1.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 77,944 shares of the company’s stock worth $3,615,000 after buying an additional 1,191 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in ALPS Equal Sector Weight ETF during the fourth quarter worth about $79,000.

ALPS Equal Sector Weight ETF Price Performance

Shares of ALPS Equal Sector Weight ETF stock traded down $0.22 during trading on Monday, reaching $51.86. 16,675 shares of the company traded hands, compared to its average volume of 65,831. The firm has a market capitalization of $768.57 million, a PE ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a 1-year low of $44.76 and a 1-year high of $52.66. The company has a 50 day moving average price of $51.32 and a 200-day moving average price of $50.05.

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.