ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Short Interest Down 27.0% in October

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 23,800 shares, a decrease of 27.0% from the September 30th total of 32,600 shares. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 42,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in shares of ALPS Equal Sector Weight ETF by 239.8% in the second quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock worth $62,448,000 after acquiring an additional 1,005,111 shares during the period. Raymond James Financial Inc. lifted its position in ALPS Equal Sector Weight ETF by 205.9% during the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock valued at $40,434,000 after purchasing an additional 620,663 shares during the period. Ameriprise Financial Inc. lifted its position in ALPS Equal Sector Weight ETF by 135.6% during the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock valued at $17,426,000 after purchasing an additional 228,690 shares during the period. Cetera Investment Advisers lifted its position in ALPS Equal Sector Weight ETF by 198.1% during the second quarter. Cetera Investment Advisers now owns 238,109 shares of the company’s stock valued at $10,440,000 after purchasing an additional 158,230 shares during the period. Finally, CWM LLC acquired a new position in ALPS Equal Sector Weight ETF during the third quarter valued at $5,403,000.

ALPS Equal Sector Weight ETF Trading Down 0.6%

Shares of ALPS Equal Sector Weight ETF stock opened at $45.50 on Wednesday. ALPS Equal Sector Weight ETF has a 12-month low of $36.66 and a 12-month high of $46.71. The firm has a market capitalization of $518.70 million, a price-to-earnings ratio of 22.84 and a beta of 0.91. The firm’s 50 day simple moving average is $45.79 and its two-hundred day simple moving average is $44.20.

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.