Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Expands By 63.8%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a large increase in short interest in 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. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 59,891 shares, the short-interest ratio is currently 0.8 days.

ALPS Equal Sector Weight ETF Stock Down 0.2%

Shares of EQL traded down $0.09 during midday trading on Tuesday, hitting $52.16. The company had a trading volume of 23,200 shares, compared to its average volume of 68,070. The stock has a market cap of $773.01 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a 52 week low of $44.69 and a 52 week high of $52.54. The company’s 50 day moving average price is $50.98 and its 200 day moving average price is $49.81.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of ALPS Equal Sector Weight ETF by 239.8% during the 2nd quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock valued at $62,448,000 after acquiring an additional 1,005,111 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of ALPS Equal Sector Weight ETF by 205.9% in the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock worth $40,434,000 after purchasing an additional 620,663 shares during the period. Ameriprise Financial Inc. grew its stake in shares of ALPS Equal Sector Weight ETF by 135.6% in the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after acquiring an additional 228,690 shares during the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in ALPS Equal Sector Weight ETF in the 4th quarter valued at $5,606,000. Finally, Summit Financial Wealth Advisors LLC bought a new position in ALPS Equal Sector Weight ETF during the fourth quarter worth about $3,169,000.

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.