Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Drops By 41.9%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 28,527 shares, a decline of 41.9% from the July 30th total of 49,122 shares. Based on an average daily trading volume, of 32,413 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

ALPS Equal Sector Weight ETF Price Performance

NYSEARCA:EQL traded down $0.19 during trading hours on Tuesday, hitting $51.66. The company had a trading volume of 23,974 shares, compared to its average volume of 65,601. The company has a market capitalization of $765.60 million, a PE ratio of 22.84 and a beta of 0.84. The stock has a 50-day moving average price of $51.35 and a 200 day moving average price of $50.07. ALPS Equal Sector Weight ETF has a 52 week low of $44.76 and a 52 week high of $52.66.

Institutional Trading of ALPS Equal Sector Weight ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings 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 worth $79,490,000 after acquiring an additional 129,221 shares during the period. Raymond James Financial Inc. boosted its position in shares of ALPS Equal Sector Weight ETF by 205.9% during the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after purchasing an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. grew its stake in 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 purchasing an additional 228,690 shares during the period. LPL Financial LLC grew its stake in ALPS Equal Sector Weight ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 307,778 shares of the company’s stock worth $14,275,000 after purchasing an additional 15,574 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in ALPS Equal Sector Weight ETF by 9.5% in the fourth quarter. Wells Fargo & Company MN now owns 187,963 shares of the company’s stock worth $8,718,000 after purchasing an additional 16,343 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.