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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a large 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 company’s shares are sold short. Based on an average trading volume of 93,415 shares, the short-interest ratio is currently 4.2 days.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of hedge funds have recently modified their holdings of EQL. Bank of America Corp DE raised its position in shares of ALPS Equal Sector Weight ETF by 239.8% in 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 acquiring an additional 1,005,111 shares during the period. Raymond James Financial Inc. raised its position in shares of ALPS Equal Sector Weight ETF by 205.9% in the 2nd 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 during the period. Ameriprise Financial Inc. raised its position in shares of ALPS Equal Sector Weight ETF by 135.6% in 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 period. Perryman Financial Advisory Inc. AD acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at approximately $5,606,000. Finally, Summit Financial Wealth Advisors LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at approximately $3,169,000.

ALPS Equal Sector Weight ETF Trading Up 0.5%

Shares of NYSEARCA:EQL traded up $0.24 during mid-day trading on Tuesday, reaching $50.21. The stock had a trading volume of 22,054 shares, compared to its average volume of 78,125. The firm has a market cap of $696.91 million, a PE ratio of 22.84 and a beta of 0.84. The firm has a 50 day simple moving average of $49.62 and a two-hundred day simple moving average of $48.36. ALPS Equal Sector Weight ETF has a twelve month low of $42.95 and a twelve month high of $50.90.

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.