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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 49,122 shares, an increase of 63.8% from the July 15th total of 29,983 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 59,891 shares, the short-interest ratio is currently 0.8 days.

ALPS Equal Sector Weight ETF Trading Up 0.8%

NYSEARCA EQL traded up $0.42 during trading hours on Wednesday, reaching $52.58. The company had a trading volume of 4,845 shares, compared to its average volume of 67,666. The stock has a market capitalization of $779.24 million, a P/E ratio of 22.84 and a beta of 0.84. The stock has a 50-day moving average of $51.02 and a 200 day moving average of $49.83. ALPS Equal Sector Weight ETF has a 1-year low of $44.69 and a 1-year high of $52.58.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EQL. Bank of America Corp DE lifted its stake in ALPS Equal Sector Weight ETF by 8.4% during the first quarter. Bank of America Corp DE now owns 1,671,352 shares of the company’s stock worth $79,490,000 after purchasing an additional 129,221 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of ALPS Equal Sector Weight ETF by 76.2% in the first quarter. Gateway Wealth Partners LLC now owns 82,814 shares of the company’s stock valued at $3,939,000 after buying an additional 35,826 shares in the last quarter. Summit Financial Wealth Advisors LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the fourth quarter valued at $3,169,000. Sherry Group Inc. purchased a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at $1,706,000. Finally, Perryman Financial Advisory Inc. AD purchased a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at $5,606,000.

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.