ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Down 41.9% in August

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 28,527 shares, a drop of 41.9% from the July 30th total of 49,122 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 32,413 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of ALPS Equal Sector Weight ETF

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in ALPS Equal Sector Weight ETF by 160.6% in the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after acquiring an additional 806 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at $79,000. Jones Financial Companies Lllp lifted its position in shares of ALPS Equal Sector Weight ETF by 68.8% in the first quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after buying an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of ALPS Equal Sector Weight ETF in the second quarter worth $164,000. Finally, Fifth Third Bancorp bought a new stake in ALPS Equal Sector Weight ETF during the first quarter valued at about $179,000.

ALPS Equal Sector Weight ETF Price Performance

EQL opened at $51.66 on Wednesday. ALPS Equal Sector Weight ETF has a fifty-two week low of $44.76 and a fifty-two week high of $52.66. The business has a 50-day moving average of $51.38 and a 200-day moving average of $50.09. The company has a market capitalization of $765.60 million, a PE ratio of 22.84 and a beta of 0.84.

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.