ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Sees Significant Growth in Short Interest

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 32,917 shares, an increase of 708.4% from the January 15th total of 4,072 shares. Based on an average daily volume of 130,698 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 130,698 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of ALPS Equal Sector Weight ETF during the 3rd quarter worth $29,000. Blue Trust Inc. acquired a new position in ALPS Equal Sector Weight ETF in the second quarter valued at $38,000. BOK Financial Private Wealth Inc. boosted its position in shares of ALPS Equal Sector Weight ETF by 200.0% in the second quarter. BOK Financial Private Wealth Inc. now owns 1,200 shares of the company’s stock worth $53,000 after acquiring an additional 800 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of ALPS Equal Sector Weight ETF by 160.6% in the 2nd 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 last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in ALPS Equal Sector Weight ETF during the fourth quarter valued at about $79,000.

ALPS Equal Sector Weight ETF Stock Performance

Shares of NYSEARCA:EQL traded up $0.22 during trading hours on Wednesday, reaching $49.41. The stock had a trading volume of 41,177 shares, compared to its average volume of 107,060. The firm’s 50 day moving average is $47.28 and its 200-day moving average is $46.15. The stock has a market capitalization of $639.81 million, a price-to-earnings ratio of 22.84 and a beta of 0.91. ALPS Equal Sector Weight ETF has a 1 year low of $36.66 and a 1 year high of $49.48.

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.