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.

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.

Institutional Trading of ALPS Equal Sector Weight ETF

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in ALPS Equal Sector Weight ETF by 160.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in ALPS Equal Sector Weight ETF during the 4th quarter worth approximately $79,000. Jones Financial Companies Lllp increased its stake in ALPS Equal Sector Weight ETF by 68.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after purchasing an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in ALPS Equal Sector Weight ETF during the 2nd quarter worth approximately $164,000. Finally, Fifth Third Bancorp bought a new stake in ALPS Equal Sector Weight ETF during the 1st quarter worth approximately $179,000.

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.