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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 33,914 shares, a drop of 53.4% from the June 15th total of 72,731 shares. Based on an average daily volume of 29,320 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

ALPS Equal Sector Weight ETF Stock Performance

Shares of ALPS Equal Sector Weight ETF stock traded up $0.08 on Thursday, reaching $51.22. The stock had a trading volume of 34,859 shares, compared to its average volume of 71,842. The business’s 50-day moving average price is $50.47 and its two-hundred day moving average price is $49.14. The stock has a market cap of $750.37 million, a P/E ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a fifty-two week low of $43.58 and a fifty-two week high of $51.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQL. Smartleaf Asset Management LLC boosted its position in shares of 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 valued at $57,000 after acquiring an additional 806 shares during the period. Kestra Advisory Services LLC increased its position in ALPS Equal Sector Weight ETF by 4.9% during the fourth quarter. Kestra Advisory Services LLC now owns 22,804 shares of the company’s stock worth $1,058,000 after acquiring an additional 1,056 shares during the period. Jones Financial Companies Lllp increased its position in ALPS Equal Sector Weight ETF by 68.8% during the first quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after acquiring an additional 1,058 shares during the period. Commonwealth Equity Services LLC raised its stake in ALPS Equal Sector Weight ETF by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 77,944 shares of the company’s stock valued at $3,615,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in ALPS Equal Sector Weight ETF during the 4th quarter valued at $79,000.

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.