ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Short Interest Up 387.5% in April

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 41,951 shares, a growth of 387.5% from the April 15th total of 8,605 shares. Based on an average trading volume of 42,386 shares, the short-interest ratio is presently 1.0 days. Currently, 1.0% of the company’s stock are sold short.

ALPS Electrification Infrastructure ETF Price Performance

ELFY opened at $44.60 on Wednesday. ALPS Electrification Infrastructure ETF has a fifty-two week low of $29.76 and a fifty-two week high of $45.11. The firm has a market capitalization of $184.64 million, a PE ratio of 21.95 and a beta of 1.57. The company’s 50-day moving average is $41.23 and its 200 day moving average is $38.62.

ALPS Electrification Infrastructure ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were issued a $0.1046 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 19th.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the 1st quarter worth about $206,000. Diversify Wealth Management LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the 1st quarter worth about $455,000. Janney Montgomery Scott LLC raised its holdings in shares of ALPS Electrification Infrastructure ETF by 68.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,380 shares of the company’s stock worth $408,000 after acquiring an additional 4,230 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the 1st quarter worth about $265,000. Finally, OLD Mission Capital LLC raised its holdings in shares of ALPS Electrification Infrastructure ETF by 145.2% in the 4th quarter. OLD Mission Capital LLC now owns 31,589 shares of the company’s stock worth $1,112,000 after acquiring an additional 18,707 shares during the last quarter.

ALPS Electrification Infrastructure ETF Company Profile

The ALPS Electrification Infrastructure ETF is an exchange-traded fund that seeks to provide investment results that correspond generally to the performance of the underlying index, which focuses on companies involved in the electrification infrastructure sector.