Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Decreases By 35.9%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 18,382 shares, a decrease of 35.9% from the March 15th total of 28,699 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 78,227 shares, the short-interest ratio is currently 0.2 days.

ALPS Equal Sector Weight ETF Price Performance

Shares of NYSEARCA:EQL traded up $0.13 during midday trading on Thursday, hitting $49.34. The company had a trading volume of 11,637 shares, compared to its average volume of 92,696. The company has a market cap of $681.88 million, a price-to-earnings ratio of 22.84 and a beta of 0.88. ALPS Equal Sector Weight ETF has a 12-month low of $38.46 and a 12-month high of $50.04. The company has a fifty day moving average of $48.60 and a two-hundred day moving average of $47.26.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Several hedge funds and other institutional investors have recently modified their holdings of EQL. Bank of America Corp DE increased its stake in shares of ALPS Equal Sector Weight ETF by 239.8% in the 2nd quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock worth $62,448,000 after purchasing an additional 1,005,111 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of ALPS Equal Sector Weight ETF by 205.9% in the 2nd quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock worth $40,434,000 after purchasing an additional 620,663 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of ALPS Equal Sector Weight ETF by 135.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after purchasing an additional 228,690 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in shares of ALPS Equal Sector Weight ETF in the 4th quarter worth $5,606,000. Finally, CWM LLC purchased a new stake in shares of ALPS Equal Sector Weight ETF in the 3rd quarter worth $5,403,000.

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.