Short Interest in ALPS Equal Sector Weight ETF (NYSEARCA:EQL) Drops By 28.1%

ALPS Equal Sector Weight ETF (NYSEARCA:EQL) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 26,100 shares, a decline of 28.1% from the May 15th total of 36,300 shares. Based on an average daily volume of 71,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

A number of hedge funds have recently made changes to their positions in EQL. Jones Financial Companies Lllp raised its stake in ALPS Equal Sector Weight ETF by 36.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,538 shares of the company’s stock valued at $193,000 after buying an additional 409 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ALPS Equal Sector Weight ETF during the fourth quarter valued at about $35,317,000. Commonwealth Equity Services LLC increased its holdings in shares of ALPS Equal Sector Weight ETF by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,620 shares of the company’s stock valued at $1,455,000 after acquiring an additional 757 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in ALPS Equal Sector Weight ETF during the 4th quarter worth approximately $272,000. Finally, LPL Financial LLC increased its stake in ALPS Equal Sector Weight ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 59,846 shares of the company’s stock valued at $7,496,000 after purchasing an additional 5,309 shares in the last quarter.

ALPS Equal Sector Weight ETF Stock Performance

ALPS Equal Sector Weight ETF stock opened at $43.01 on Friday. The company has a market capitalization of $518.27 million, a PE ratio of 22.84 and a beta of 0.92. The company has a 50 day moving average price of $41.90 and a 200-day moving average price of $42.23. ALPS Equal Sector Weight ETF has a fifty-two week low of $36.66 and a fifty-two week high of $44.49.

ALPS Equal Sector Weight ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.1691 dividend. The ex-dividend date was Wednesday, March 26th.

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.