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

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 49,122 shares, a growth of 63.8% from the July 15th total of 29,983 shares. Currently, 0.3% of the shares of the 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 0.5%

Shares of ALPS Equal Sector Weight ETF stock traded down $0.25 during trading hours on Monday, reaching $52.25. 30,215 shares of the company’s stock were exchanged, compared to its average volume of 68,358. The business has a fifty day moving average of $50.98 and a two-hundred day moving average of $49.81. The company has a market capitalization of $774.35 million, a P/E ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a 1 year low of $44.69 and a 1 year high of $52.54.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of hedge funds have recently bought and sold shares of EQL. Royal Bank of Canada boosted its holdings in shares of ALPS Equal Sector Weight ETF by 20.4% during the 1st quarter. Royal Bank of Canada now owns 11,607 shares of the company’s stock worth $1,462,000 after purchasing an additional 1,967 shares during the last quarter. Jones Financial Companies Lllp lifted 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 buying an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in ALPS Equal Sector Weight ETF during the second quarter worth approximately $164,000. Raymond James Financial Inc. boosted its stake in 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 worth $40,434,000 after buying an additional 620,663 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted 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 worth $17,426,000 after buying an additional 228,690 shares during 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.