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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a large increase in short interest during 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 short sold. Based on an average daily trading volume, of 130,698 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 130,698 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EQL. Bank of America Corp DE boosted its stake in shares of ALPS Equal Sector Weight ETF by 239.8% during the 2nd quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock valued at $62,448,000 after buying an additional 1,005,111 shares during the last quarter. Raymond James Financial Inc. raised its holdings in ALPS Equal Sector Weight ETF by 205.9% in the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after acquiring an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in ALPS Equal Sector Weight ETF by 135.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock valued at $17,426,000 after acquiring an additional 228,690 shares during the last quarter. Cetera Investment Advisers boosted its stake in ALPS Equal Sector Weight ETF by 198.1% during the 2nd quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock valued at $10,440,000 after acquiring an additional 158,230 shares during the last quarter. Finally, CWM LLC acquired a new position in ALPS Equal Sector Weight ETF during the 3rd quarter worth $5,403,000.

ALPS Equal Sector Weight ETF Stock Performance

Shares of NYSEARCA EQL traded down $0.43 during midday trading on Thursday, reaching $49.00. 51,373 shares of the company’s stock were exchanged, compared to its average volume of 105,516. ALPS Equal Sector Weight ETF has a 52-week low of $36.66 and a 52-week high of $49.77. The business’s fifty day moving average price is $47.34 and its two-hundred day moving average price is $46.17. The stock has a market capitalization of $634.55 million, a PE ratio of 22.84 and a beta of 0.91.

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.