ALPS Equal Sector Weight ETF (NYSEARCA:EQL – Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 28,527 shares, a drop of 41.9% from the July 30th total of 49,122 shares. Based on an average trading volume of 32,413 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are short sold.
ALPS Equal Sector Weight ETF Trading Down 0.4%
EQL stock traded down $0.22 during trading on Monday, hitting $51.86. The company had a trading volume of 16,675 shares, compared to its average volume of 65,831. The stock has a market cap of $768.57 million, a PE ratio of 22.84 and a beta of 0.84. The business has a 50-day moving average of $51.32 and a 200-day moving average of $50.05. ALPS Equal Sector Weight ETF has a one year low of $44.76 and a one year high of $52.66.
Institutional Investors Weigh In On ALPS Equal Sector Weight ETF
A number of institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in 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 last quarter. Farther Finance Advisors LLC acquired a new stake in ALPS Equal Sector Weight ETF during the fourth quarter worth approximately $79,000. JPMorgan Chase & Co. acquired a new stake in ALPS Equal Sector Weight ETF during the second quarter worth approximately $164,000. Fifth Third Bancorp bought a new stake in ALPS Equal Sector Weight ETF in the first quarter worth approximately $179,000. Finally, Equitable Holdings Inc. bought a new stake in ALPS Equal Sector Weight ETF in the third quarter worth approximately $236,000.
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.
Featured Stories
- Five stocks we like better than ALPS Equal Sector Weight ETF
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for ALPS Equal Sector Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ALPS Equal Sector Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
