ALPS Equal Sector Weight ETF (NYSEARCA:EQL – Get Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 33,914 shares, a drop of 53.4% from the June 15th total of 72,731 shares. Based on an average daily trading volume, of 29,320 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the shares of the company are sold short.
Institutional Trading of ALPS Equal Sector Weight ETF
Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in ALPS Equal Sector Weight ETF by 239.8% during the 2nd quarter. Bank of America Corp DE now owns 1,424,257 shares of the company’s stock valued at $62,448,000 after purchasing an additional 1,005,111 shares during the period. Raymond James Financial Inc. increased its position in ALPS Equal Sector Weight ETF by 205.9% in the second quarter. Raymond James Financial Inc. now owns 922,171 shares of the company’s stock worth $40,434,000 after buying an additional 620,663 shares during the period. Ameriprise Financial Inc. increased its position in ALPS Equal Sector Weight ETF by 135.6% in the second quarter. Ameriprise Financial Inc. now owns 397,308 shares of the company’s stock worth $17,426,000 after buying an additional 228,690 shares during the period. Perryman Financial Advisory Inc. AD bought a new stake in ALPS Equal Sector Weight ETF in the fourth quarter valued at $5,606,000. Finally, Summit Financial Wealth Advisors LLC bought a new stake in ALPS Equal Sector Weight ETF in the fourth quarter valued at $3,169,000.
ALPS Equal Sector Weight ETF Stock Performance
Shares of NYSEARCA EQL traded up $0.08 during midday trading on Tuesday, hitting $51.10. The company’s stock had a trading volume of 9,797 shares, compared to its average volume of 72,012. ALPS Equal Sector Weight ETF has a 1-year low of $43.58 and a 1-year high of $51.36. The firm’s fifty day moving average price is $50.43 and its 200-day moving average price is $49.08. The firm has a market cap of $744.53 million, a P/E ratio of 22.84 and a beta of 0.84.
About ALPS Equal Sector Weight ETF
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.
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