ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Update
by Kim Johansen · The Markets DailyALPS Equal Sector Weight ETF (NYSEARCA:EQL – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 72,731 shares, a drop of 81.6% from the May 31st total of 395,814 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 57,089 shares, the days-to-cover ratio is presently 1.3 days.
Hedge Funds Weigh In On ALPS Equal Sector Weight ETF
Several institutional investors and hedge funds have recently modified their holdings of the company. Summit Financial Wealth Advisors LLC purchased a new stake in ALPS Equal Sector Weight ETF in the 4th quarter worth approximately $3,169,000. Sherry Group Inc. purchased a new position in shares of ALPS Equal Sector Weight ETF during the 4th quarter worth $1,706,000. Perryman Financial Advisory Inc. AD purchased a new position in shares of ALPS Equal Sector Weight ETF during the 4th quarter worth $5,606,000. Private Client Services LLC acquired a new stake in shares of ALPS Equal Sector Weight ETF during the fourth quarter worth $388,000. Finally, Intrepid Financial Planning Group LLC purchased a new stake in shares of ALPS Equal Sector Weight ETF in the third quarter valued at $223,000.
ALPS Equal Sector Weight ETF Price Performance
NYSEARCA:EQL traded up $0.16 on Friday, reaching $50.31. The stock had a trading volume of 27,834 shares, compared to its average volume of 74,663. The company has a market cap of $698.30 million, a price-to-earnings ratio of 22.84 and a beta of 0.84. The firm’s fifty day moving average is $50.16 and its two-hundred day moving average is $48.73. ALPS Equal Sector Weight ETF has a 12-month low of $43.45 and a 12-month high of $51.08.
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.