ALPS Equal Sector Weight ETF (NYSEARCA:EQL – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 72,731 shares, a decline of 81.6% from the May 31st total of 395,814 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 57,089 shares, the days-to-cover ratio is presently 1.3 days.
ALPS Equal Sector Weight ETF Stock Up 0.2%
Shares of NYSEARCA EQL opened at $50.15 on Friday. The business’s 50 day moving average price is $50.14 and its 200 day moving average price is $48.71. The firm has a market cap of $696.08 million, a P/E ratio of 22.84 and a beta of 0.84. ALPS Equal Sector Weight ETF has a 52 week low of $43.24 and a 52 week high of $51.08.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in EQL. Smartleaf Asset Management LLC lifted its position 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 valued at $57,000 after purchasing an additional 806 shares during the period. Farther Finance Advisors LLC acquired a new stake in ALPS Equal Sector Weight ETF during the 4th quarter worth about $79,000. JPMorgan Chase & Co. acquired a new stake in ALPS Equal Sector Weight ETF during the 2nd quarter worth about $164,000. Fifth Third Bancorp purchased a new position in shares of ALPS Equal Sector Weight ETF during the 1st quarter valued at about $179,000. Finally, Intrepid Financial Planning Group LLC acquired a new position in ALPS Equal Sector Weight ETF in the third quarter valued at approximately $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.
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