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

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

Institutional Trading of ALPS Equal Sector Weight ETF

A number of hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC lifted its stake in shares of ALPS Equal Sector Weight ETF by 26.2% during the 3rd quarter. AE Wealth Management LLC now owns 11,318 shares of the company’s stock worth $521,000 after buying an additional 2,353 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of ALPS Equal Sector Weight ETF during the 3rd quarter worth about $29,000. CWM LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF during the 3rd quarter worth about $5,403,000. Corient Private Wealth LLC lifted its stake in shares of ALPS Equal Sector Weight ETF by 200.0% during the 2nd quarter. Corient Private Wealth LLC now owns 6,525 shares of the company’s stock worth $286,000 after buying an additional 4,350 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of ALPS Equal Sector Weight ETF by 76.9% during the 2nd quarter. Osaic Holdings Inc. now owns 47,400 shares of the company’s stock worth $2,078,000 after buying an additional 20,605 shares during the last quarter.

ALPS Equal Sector Weight ETF Stock Down 0.2%

Shares of NYSEARCA EQL traded down $0.07 during mid-day trading on Monday, reaching $45.79. 41,982 shares of the company were exchanged, compared to its average volume of 55,358. The company’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $44.11. The stock has a market capitalization of $522.01 million, a P/E ratio of 22.84 and a beta of 0.91. ALPS Equal Sector Weight ETF has a twelve month low of $36.66 and a twelve month high of $46.71.

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.