Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Drops By 47.2%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 33,337 shares, a drop of 47.2% from the December 15th total of 63,143 shares. Based on an average daily trading volume, of 60,604 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 60,604 shares, the days-to-cover ratio is presently 0.6 days.

ALPS Equal Sector Weight ETF Price Performance

EQL traded up $0.12 during trading on Thursday, hitting $47.87. The company had a trading volume of 181,113 shares, compared to its average volume of 122,661. ALPS Equal Sector Weight ETF has a 1-year low of $36.66 and a 1-year high of $48.01. The company has a market cap of $600.77 million, a PE ratio of 22.84 and a beta of 0.91. The business has a 50-day moving average of $46.46 and a 200-day moving average of $45.64.

Institutional Trading of ALPS Equal Sector Weight ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in ALPS Equal Sector Weight ETF by 3.1% during the 3rd quarter. Bank of America Corp DE now owns 1,469,010 shares of the company’s stock worth $67,619,000 after buying an additional 44,753 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in 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. increased its stake in ALPS Equal Sector Weight ETF by 135.6% during the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock valued at $17,426,000 after purchasing an additional 228,690 shares during the last quarter. Cetera Investment Advisers increased its stake in ALPS Equal Sector Weight ETF by 198.1% during the second quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock valued at $10,440,000 after purchasing an additional 158,230 shares during the last quarter. Finally, CWM LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF during the third quarter worth $5,403,000.

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.