ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) Sees Large Decline in Short Interest

ALPS Dynamic US Dividend Advantage ETF (NYSEARCA:RFDA) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 442 shares, a decrease of 52.1% from the May 14th total of 922 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 629 shares, the days-to-cover ratio is presently 0.7 days.

ALPS Dynamic US Dividend Advantage ETF Stock Up 0.7%

NYSEARCA RFDA traded up $0.49 on Friday, hitting $70.78. The company’s stock had a trading volume of 1,048 shares, compared to its average volume of 2,805. ALPS Dynamic US Dividend Advantage ETF has a 1-year low of $55.73 and a 1-year high of $71.17. The company’s 50-day moving average is $67.98 and its 200 day moving average is $65.25. The firm has a market cap of $87.06 million, a PE ratio of 18.60 and a beta of 0.88.

ALPS Dynamic US Dividend Advantage ETF Company Profile

The RiverFront Dynamic US Dividend Advantage ETF (RFDA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. RFDA was launched on Jun 7, 2016 and is managed by RiverFront.