ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Down 53.4% in June

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 33,914 shares, a drop of 53.4% from the June 15th total of 72,731 shares. Based on an average trading volume of 29,320 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in ALPS Equal Sector Weight ETF by 160.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock valued at $57,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth about $79,000. JPMorgan Chase & Co. acquired a new position in shares of ALPS Equal Sector Weight ETF in the second quarter worth about $164,000. Fifth Third Bancorp acquired a new position in shares of ALPS Equal Sector Weight ETF in the first quarter worth about $179,000. Finally, Equitable Holdings Inc. acquired a new position in shares of ALPS Equal Sector Weight ETF in the third quarter worth about $236,000.

ALPS Equal Sector Weight ETF Stock Up 0.2%

Shares of NYSEARCA EQL traded up $0.08 during trading on Tuesday, reaching $51.10. 9,797 shares of the stock were exchanged, compared to its average volume of 72,012. The business’s 50-day moving average price is $50.43 and its 200 day moving average price is $49.08. ALPS Equal Sector Weight ETF has a twelve month low of $43.58 and a twelve month high of $51.36. The company has a market capitalization of $744.53 million, a price-to-earnings ratio of 22.84 and a beta of 0.84.

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.