Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Declines By 81.6%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 72,731 shares, a decrease of 81.6% from the May 31st total of 395,814 shares. Based on an average daily trading volume, of 57,089 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of ALPS Equal Sector Weight ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of ALPS Equal Sector Weight ETF by 239.8% in the second quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock valued at $62,448,000 after purchasing an additional 1,005,111 shares in the last quarter. Raymond James Financial Inc. grew its stake 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 worth $40,434,000 after acquiring an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of ALPS Equal Sector Weight ETF by 135.6% in the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock valued at $17,426,000 after purchasing an additional 228,690 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in shares of ALPS Equal Sector Weight ETF in the fourth quarter valued at about $5,606,000. Finally, Summit Financial Wealth Advisors LLC bought a new position in shares of ALPS Equal Sector Weight ETF during the fourth quarter valued at about $3,169,000.

ALPS Equal Sector Weight ETF Stock Performance

Shares of ALPS Equal Sector Weight ETF stock traded up $0.16 during trading hours on Friday, reaching $50.31. The company’s stock had a trading volume of 27,834 shares, compared to its average volume of 74,663. The company has a market capitalization of $698.30 million, a P/E ratio of 22.84 and a beta of 0.84. The stock’s fifty day simple moving average is $50.16 and its two-hundred day simple moving average is $48.73. ALPS Equal Sector Weight ETF has a one year low of $43.45 and a one year high of $51.08.

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.