Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Declines By 27.0%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 23,800 shares, a decline of 27.0% from the September 30th total of 32,600 shares. Based on an average trading volume of 42,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 42,300 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EQL. 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 worth $62,448,000 after acquiring an additional 1,005,111 shares during the period. Raymond James Financial Inc. increased its stake in ALPS Equal Sector Weight ETF by 205.9% during the 2nd 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. raised its holdings in ALPS Equal Sector Weight ETF by 135.6% in the 2nd 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. Cetera Investment Advisers raised its holdings in ALPS Equal Sector Weight ETF by 198.1% in the 2nd quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock worth $10,440,000 after acquiring an additional 158,230 shares during the last quarter. Finally, CWM LLC bought a new position in shares of ALPS Equal Sector Weight ETF during the third quarter valued at $5,403,000.

ALPS Equal Sector Weight ETF Stock Down 0.5%

Shares of ALPS Equal Sector Weight ETF stock traded down $0.21 during trading on Tuesday, hitting $45.58. 2,358 shares of the stock traded hands, compared to its average volume of 55,099. The stock has a market cap of $519.61 million, a price-to-earnings ratio of 22.84 and a beta of 0.91. The firm’s fifty day moving average is $45.78 and its 200-day moving average is $44.16. ALPS Equal Sector Weight ETF has a 52 week low of $36.66 and a 52 week high of $46.71.

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.