ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Shares Shorted: Short Interest Up 255.3% in October

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 20,842 shares, an increase of 255.3% from the September 30th total of 5,866 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 71,076 shares, the short-interest ratio is presently 0.3 days.

ALPS Equal Sector Weight ETF Stock Performance

EQL stock traded down $0.05 during midday trading on Friday, reaching $52.02. 14,171 shares of the company traded hands, compared to its average volume of 62,108. ALPS Equal Sector Weight ETF has a 52-week low of $44.76 and a 52-week high of $52.66. The business has a 50 day moving average of $51.48 and a 200-day moving average of $50.14. The firm has a market capitalization of $786.56 million, a price-to-earnings ratio of 22.84 and a beta of 0.84.

Institutional Trading of ALPS Equal Sector Weight ETF

A number of institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in ALPS Equal Sector Weight ETF in the 3rd quarter worth about $25,000. Fifth Third Bancorp purchased a new position in shares of ALPS Equal Sector Weight ETF during the first quarter valued at approximately $179,000. Private Advisor Group LLC boosted its position in shares of ALPS Equal Sector Weight ETF by 78.9% during the first quarter. Private Advisor Group LLC now owns 9,554 shares of the company’s stock valued at $454,000 after buying an additional 4,213 shares during the period. Ascentis Independent Advisors bought a new position in shares of ALPS Equal Sector Weight ETF during the first quarter valued at approximately $627,000. Finally, Private Client Services LLC grew its stake in shares of ALPS Equal Sector Weight ETF by 23.8% during the second quarter. Private Client Services LLC now owns 13,391 shares of the company’s stock valued at $676,000 after buying an additional 2,578 shares during the last quarter.

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.