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

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

ALPS Equal Sector Weight ETF Trading Down 0.9%

ALPS Equal Sector Weight ETF stock traded down $0.44 during trading hours on Wednesday, reaching $49.77. 18,860 shares of the company were exchanged, compared to its average volume of 77,584. The firm has a market cap of $690.81 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. The stock has a 50-day moving average of $49.62 and a 200 day moving average of $48.36. ALPS Equal Sector Weight ETF has a 12 month low of $42.95 and a 12 month high of $50.90.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

A number of large investors have recently added to or reduced their stakes in EQL. Stratos Wealth Partners LTD. lifted its holdings in shares of ALPS Equal Sector Weight ETF by 1.2% during the third quarter. Stratos Wealth Partners LTD. now owns 48,587 shares of the company’s stock worth $2,236,000 after buying an additional 582 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 in the last quarter. Kestra Advisory Services LLC raised its stake in shares of ALPS Equal Sector Weight ETF by 4.9% in the fourth quarter. Kestra Advisory Services LLC now owns 22,804 shares of the company’s stock valued at $1,058,000 after purchasing an additional 1,056 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of ALPS Equal Sector Weight ETF by 68.8% in the first quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock valued at $324,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of ALPS Equal Sector Weight ETF by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 77,944 shares of the company’s stock valued at $3,615,000 after purchasing an additional 1,191 shares in the last quarter.

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.