ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Stock Short Interest Report for October

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 20,842 shares, a growth of 255.3% from the September 30th total of 5,866 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 71,076 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of ALPS Equal Sector Weight ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,671,352 shares of the company’s stock valued at $79,490,000 after buying an additional 129,221 shares in the last quarter. Perryman Financial Advisory Inc. AD grew its position in ALPS Equal Sector Weight ETF by 9.6% in the third quarter. Perryman Financial Advisory Inc. AD now owns 152,153 shares of the company’s stock worth $7,621,000 after acquiring an additional 13,349 shares in the last quarter. Gateway Wealth Partners LLC grew its position in 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 worth $3,939,000 after acquiring an additional 35,826 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its position in ALPS Equal Sector Weight ETF by 1.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 75,128 shares of the company’s stock worth $3,763,000 after acquiring an additional 983 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in ALPS Equal Sector Weight ETF by 10.9% in the first quarter. Royal Bank of Canada now owns 59,054 shares of the company’s stock valued at $2,808,000 after acquiring an additional 5,808 shares during the last quarter.

ALPS Equal Sector Weight ETF Price Performance

Shares of NYSEARCA:EQL traded up $0.10 on Thursday, hitting $52.07. The company’s stock had a trading volume of 40,141 shares, compared to its average volume of 62,351. The company has a 50-day simple moving average of $51.49 and a 200 day simple moving average of $50.11. ALPS Equal Sector Weight ETF has a 1 year low of $44.76 and a 1 year high of $52.66. The company has a market capitalization of $787.30 million, a PE ratio of 22.84 and a beta of 0.84.

About ALPS Equal Sector Weight ETF

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.