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

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

Institutional Investors Weigh In On ALPS Equal Sector Weight ETF

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in ALPS Equal Sector Weight ETF by 36.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,538 shares of the company’s stock worth $193,000 after buying an additional 409 shares during the period. Raymond James Financial Inc. bought a new position in ALPS Equal Sector Weight ETF during the 4th quarter worth approximately $35,317,000. Commonwealth Equity Services LLC raised its holdings in ALPS Equal Sector Weight ETF by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,620 shares of the company’s stock worth $1,455,000 after purchasing an additional 757 shares during the last quarter. Corient Private Wealth LLC bought a new position in ALPS Equal Sector Weight ETF during the 4th quarter worth approximately $272,000. Finally, LPL Financial LLC increased its stake in shares of ALPS Equal Sector Weight ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 59,846 shares of the company’s stock valued at $7,496,000 after acquiring an additional 5,309 shares in the last quarter.

ALPS Equal Sector Weight ETF Price Performance

Shares of EQL opened at $43.01 on Thursday. The firm has a market capitalization of $518.27 million, a PE ratio of 22.84 and a beta of 0.92. The company’s 50-day moving average is $41.82 and its 200-day moving average is $42.24. 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. Investors of record on Wednesday, March 26th were given a dividend of $0.1691 per share. 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.