ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Stock Short Interest Declines 64.5%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,866 shares, a drop of 64.5% from the September 15th total of 16,528 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 48,722 shares, the days-to-cover ratio is presently 0.1 days.

ALPS Equal Sector Weight ETF Price Performance

ALPS Equal Sector Weight ETF stock traded up $0.19 during mid-day trading on Monday, hitting $51.69. The company’s stock had a trading volume of 9,457 shares, compared to its average volume of 63,880. The stock has a market cap of $757.26 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. The business has a 50 day moving average price of $51.55 and a 200-day moving average price of $50.52. ALPS Equal Sector Weight ETF has a 12 month low of $44.76 and a 12 month high of $52.66.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in 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 last quarter. Perryman Financial Advisory Inc. AD purchased a new position in ALPS Equal Sector Weight ETF in the 4th quarter worth approximately $5,606,000. Gateway Wealth Partners LLC increased its stake in ALPS Equal Sector Weight ETF by 76.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 82,814 shares of the company’s stock worth $3,939,000 after purchasing an additional 35,826 shares during the period. Summit Financial Wealth Advisors LLC lifted its position in ALPS Equal Sector Weight ETF by 3.7% in the first quarter. Summit Financial Wealth Advisors LLC now owns 70,821 shares of the company’s stock valued at $3,368,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in ALPS Equal Sector Weight ETF by 10.9% in the first quarter. Royal Bank of Canada now owns 59,054 shares of the company’s stock valued at $2,808,000 after purchasing an additional 5,808 shares during the last quarter.

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.