ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Down 39.4% in February

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 25,754 shares, a decline of 39.4% from the February 12th total of 42,472 shares. Based on an average daily volume of 109,451 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 109,451 shares, the days-to-cover ratio is currently 0.2 days.

ALPS Equal Sector Weight ETF Stock Down 0.2%

Shares of ALPS Equal Sector Weight ETF stock traded down $0.11 during trading on Friday, reaching $48.01. The company’s stock had a trading volume of 37,367 shares, compared to its average volume of 103,848. ALPS Equal Sector Weight ETF has a 1-year low of $36.66 and a 1-year high of $50.04. The company has a 50-day simple moving average of $48.51 and a two-hundred day simple moving average of $46.86. The company has a market cap of $621.73 million, a price-to-earnings ratio of 22.84 and a beta of 0.91.

Hedge Funds Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds have recently modified their holdings of EQL. Cullen Frost Bankers Inc. purchased a new position in shares of ALPS Equal Sector Weight ETF in the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its stake in shares of ALPS Equal Sector Weight ETF by 160.6% during the second quarter. Smartleaf Asset Management LLC now owns 1,308 shares of the company’s stock worth $57,000 after buying an additional 806 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter valued at $79,000. MAI Capital Management increased its position in shares of ALPS Equal Sector Weight ETF by 200.0% in the 2nd quarter. MAI Capital Management now owns 1,773 shares of the company’s stock valued at $78,000 after acquiring an additional 1,182 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in ALPS Equal Sector Weight ETF by 68.8% in the 1st quarter. Jones Financial Companies Lllp now owns 2,596 shares of the company’s stock worth $324,000 after acquiring an additional 1,058 shares during the last quarter.

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.