ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Stock Short Interest Declines 64.5%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 5,866 shares, a decline of 64.5% from the September 15th total of 16,528 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 48,722 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of ALPS Equal Sector Weight ETF

Several large investors have recently bought and sold shares of EQL. Bank of America Corp DE grew its holdings in shares of ALPS Equal Sector Weight ETF by 8.4% during the 1st quarter. Bank of America Corp DE now owns 1,671,352 shares of the company’s stock worth $79,490,000 after acquiring an additional 129,221 shares during the period. Gateway Wealth Partners LLC raised its position in shares of ALPS Equal Sector Weight ETF by 76.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 82,814 shares of the company’s stock worth $3,939,000 after acquiring an additional 35,826 shares in the last quarter. Sherry Group Inc. raised its position in shares of ALPS Equal Sector Weight ETF by 29.9% in the 3rd quarter. Sherry Group Inc. now owns 50,523 shares of the company’s stock worth $2,531,000 after acquiring an additional 11,620 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in shares of ALPS Equal Sector Weight ETF in the 4th quarter valued at approximately $5,606,000. Finally, Ascentis Independent Advisors purchased a new position in shares of ALPS Equal Sector Weight ETF in the 1st quarter valued at approximately $627,000.

ALPS Equal Sector Weight ETF Stock Performance

Shares of NYSEARCA EQL traded up $0.19 during midday trading on Monday, hitting $51.69. 9,457 shares of the company traded hands, compared to its average volume of 63,880. ALPS Equal Sector Weight ETF has a 12-month low of $44.76 and a 12-month high of $52.66. The firm has a market cap of $757.26 million, a P/E ratio of 22.84 and a beta of 0.84. The stock has a 50-day moving average price of $51.55 and a 200 day moving average price of $50.52.

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.