ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Large Drop in Short Interest

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,866 shares, a drop of 64.5% from the September 15th total of 16,528 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 48,722 shares, the short-interest ratio is presently 0.1 days.

ALPS Equal Sector Weight ETF Trading Up 0.1%

EQL traded up $0.04 on Tuesday, hitting $51.75. 51,134 shares of the company were exchanged, compared to its average volume of 63,905. ALPS Equal Sector Weight ETF has a twelve month low of $44.76 and a twelve month high of $52.66. The company has a market cap of $758.14 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. The firm has a 50-day moving average price of $51.55 and a two-hundred day moving average price of $50.58.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EQL. CoreCap Advisors LLC acquired a new stake in ALPS Equal Sector Weight ETF in the third quarter valued at approximately $25,000. Fifth Third Bancorp purchased a new position in ALPS Equal Sector Weight ETF in the first quarter worth approximately $179,000. Private Advisor Group LLC grew its holdings in ALPS Equal Sector Weight ETF by 78.9% during the 1st quarter. Private Advisor Group LLC now owns 9,554 shares of the company’s stock worth $454,000 after acquiring an additional 4,213 shares in the last quarter. Ascentis Independent Advisors acquired a new position in ALPS Equal Sector Weight ETF during the 1st quarter worth approximately $627,000. Finally, Private Client Services LLC grew its holdings in ALPS Equal Sector Weight ETF by 23.8% during the 2nd quarter. Private Client Services LLC now owns 13,391 shares of the company’s stock worth $676,000 after acquiring an additional 2,578 shares in the last quarter.

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.