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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a significant 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. Based on an average daily volume of 59,891 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in shares of ALPS Equal Sector Weight ETF by 160.6% during the second 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 acquired a new stake in ALPS Equal Sector Weight ETF in the 4th quarter worth about $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 buying an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in ALPS Equal Sector Weight ETF during the 2nd quarter worth approximately $164,000. Finally, Fifth Third Bancorp acquired a new position in shares of ALPS Equal Sector Weight ETF during the first quarter valued at approximately $179,000.

ALPS Equal Sector Weight ETF Stock Down 0.5%

Shares of EQL stock traded down $0.25 during trading hours on Monday, hitting $52.25. 30,215 shares of the company’s stock were exchanged, compared to its average volume of 68,358. ALPS Equal Sector Weight ETF has a fifty-two week low of $44.69 and a fifty-two week high of $52.54. The firm has a market cap of $774.35 million, a P/E ratio of 22.84 and a beta of 0.84. The firm has a 50 day moving average of $50.98 and a two-hundred day moving average of $49.81.

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.