ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Significant Decline in Short Interest

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 33,337 shares, a decrease of 47.2% from the December 15th total of 63,143 shares. Based on an average daily volume of 60,604 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 60,604 shares, the days-to-cover ratio is presently 0.6 days.

ALPS Equal Sector Weight ETF Trading Down 0.0%

Shares of NYSEARCA:EQL traded down $0.02 during midday trading on Friday, hitting $47.85. The stock had a trading volume of 41,066 shares, compared to its average volume of 115,242. The company has a market capitalization of $623.01 million, a PE ratio of 22.84 and a beta of 0.91. The stock has a 50 day moving average price of $46.51 and a two-hundred day moving average price of $45.67. ALPS Equal Sector Weight ETF has a 1 year low of $36.66 and a 1 year high of $48.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Private Client Services LLC acquired a new stake in ALPS Equal Sector Weight ETF in the fourth quarter valued at $388,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ALPS Equal Sector Weight ETF by 29.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 45,796 shares of the company’s stock valued at $2,108,000 after purchasing an additional 10,407 shares during the period. Bank of America Corp DE lifted its stake in shares of ALPS Equal Sector Weight ETF by 3.1% in the third quarter. Bank of America Corp DE now owns 1,469,010 shares of the company’s stock valued at $67,619,000 after purchasing an additional 44,753 shares during the period. Equitable Holdings Inc. purchased a new stake in ALPS Equal Sector Weight ETF during the third quarter worth about $236,000. Finally, Intrepid Financial Planning Group LLC acquired a new position in ALPS Equal Sector Weight ETF during the third quarter worth about $223,000.

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.